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The Supreme Court of India. (Photo: PTI)

IDBI Bank rushes to SC with plea to review stay on Jaypee insolvency

SC accepts bank's petition and posts matter for hearing on Monday; homebuyers oppose bank's fresh submission.

5 Sept 2017 11:43 AM IST

Mittal also made a strong case for reducing interest rates by 100 basis points or 1 per cent to help the industry.

Allow promoters to bid under IBC if not willful defaulters: CII

Non-performing assets in the banking sector were over Rs 8.31 lakh crore at the end of December 2017.

26 April 2018 3:09 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Bankers clear Ebix resolution plan for Educomp

Changes in the IBC were aimed at giving companies a chance to revive, bring in fresh capital into the country.

25 April 2018 11:51 AM IST

Finance Minister Nirmala Sitharaman (Photo: File)

No need to escalate one case to reflect everything to do with IBC:...

Bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and...

21 Oct 2019 9:58 AM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt mulls raising Rs 1 lakh default threshold for invoking IBC:...

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti...

14 Oct 2019 10:18 PM IST

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

Govt plans to amend IBC to ring-fence buyers of stressed assets from...

The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources...

24 Nov 2019 5:29 PM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

NBFCs with Rs 500 cr assets can go for insolvency resolution

On Friday, the ministry notified the framework for dealing with systemically important FSPs, excluding banks.

19 Nov 2019 9:35 AM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL shares fall nearly 5 pc as RBI starts resolution process

Over 17 lakh shares of DHFL were traded on the NSE, while the BSE saw an exchange of 4.51 lakh shares.

2 Dec 2019 4:37 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in...

The bank's net profit rose 7.12 per cent to Rs 247 crore in the three months to December 2018.

28 Feb 2019 5:32 PM IST

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak ties up with ADIA for USD 600 mn distressed assets fund

ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.

28 Feb 2019 5:21 PM IST

The application has been filed under Section 7 of the Insolvency and Bankruptcy Code 2016. (Photo: ANI)

JM Financial files application with NCLT against Hotel Leela Venture

The potential share issue could have hiked the JMARC's stake in Leela Venture to 75 per cent from the current 26 per...

26 Feb 2019 2:21 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

'Effective steps' on anvil to deal with frivolous bids under IBC, says...

Srinivas also said a time would come when the Code becomes the last resort to deal with stressed assets.

26 Feb 2019 2:18 PM IST