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Business

Jet Airways resolution: ‘No country could have done it as fast’

But ED continues to grill Jet Airways’ former Chairman Naresh Goyal and his wife for money-laundering, hardly implying the issue is resolved

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Article

Anil Ambani: From Status Of Tycoon To Insolvency

Study the career of Anil Ambani, and you will get a classic case of decisions you ought not take as a businessman and time you better utilise

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Business

Insolvency proceedings against Godrej partner MagicInfo start

A two-member NCLT bench, comprising R Varadharajan and KK Vohra, has admitted the insolvency plea moved by three flat buyers who had bought units at ‘Godrej Summit’ project in Gurgaon

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Business

ILFS to run Gurgaon Metro till Sept 17; HUDA to bear cost

The ILFS is now facing bankruptcy proceedings in the National Company Law Appellate Tribunal, putting the rail service at risk of closure

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Business Economy

Banks recover Rs 75,000 crore from 94 NPAs that owed Rs 1.75 lakh crore

According to the Crisil-Assocham study, some major difficulties need to be overcome for successful implementation of the IBC

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Economy

SBI expects to recover Rs 30,000 crore bad loans via IBC resolution

Kolkata: State Bank of India (SBI) expects to recover around Rs 30,000 crore from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said on Saturday. From the two stressed assets’ list referred for resolution under IBC by the Reserve Bank of India, the bank’s total exposure was around Rs 78,000 crore, Pallav […]

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Article Views

Making Banking Assets Perform: Tata Steel Acquires Bhushan Steel

Bad loans have been the deeper malaise of public sector banks which have inflicted deep wounds on Indian growth story. Narendra Modi government inherited this problem in legacy but has since got worsened. As the economy surged in the second half of the last decade, public sector banks (PSBs) opened their purses for the corporate […]

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Economy

RBI issues revised framework to deal with stressed asssets

Mumbai: The Reserve Bank of India (RBI) today came out with a revised framework for the expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and Bankruptcy Code (IBC). The new guidelines have specified framework for early identification and reporting of stressed assets. “In view of the enactment of […]

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Economy

RBI lowers growth forecast for FY18, Sensex slides

Mumbai: The Reserve Bank today lowered the economic growth projection for 2017-18 to 6.6%, but said that it will accelerate to 7.2% in the next financial year as the roll-out of GST stabilises and credit offtake improves. The statement issued after the 2-day meeting of the 6-member Monetary Policy Committee (MPC) of the Reserve Bank […]

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Economy

Economic Survey explains how govt is helping banks fight NPA

New Delhi: The Economic Survey 2017-18 recalled that an ecosystem for the new insolvency and bankruptcy process took shape in 2017-18, a mechanism that the government is using actively to resolve the non-performing assets (NPA) problem of the banking sector. A major factor behind the effectiveness of the new code has been the adjudication by the […]