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Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

IBBI notifies regulations for probe under bankruptcy code

Investigation authority has to serve a notice intimating the entity concerned about the probe at least ten days in...

16 July 2017 12:36 PM IST

The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

IBC: Banks to set aside Rs 18,000 cr in FY18, expect 25 per cent...

SBI had conceded that it will require more provisions but ruled out big impact on profits.

18 July 2017 2:31 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

NPA resolution: PMO to review progress on June 19

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of PSBs.

17 Jun 2017 12:47 PM IST