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The Enforcement Directorate has carried out massive raids in 50 branches of 10 banks across the nation. (Photo: PTI/Representational)

Bankers review progress of 12 large NPA accounts under IBC

IAC has referred all accounts whose fund and non-fund based loans are greater than Rs 5,000 crore.

8 Aug 2017 9:19 AM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Gujarat HC junks Essar Steel plea against RBI's order

Essar Steel was among 12 accounts that were identified for insolvency proceedings.

17 July 2017 5:35 PM IST

Gujarat HC rejects Essar Steel plea against IBC circular

Earlier, HC had stayed insolvency proceedings against Essar Steel that was named among 12 major NPAs.

17 July 2017 4:51 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Insolvency and Bankruptcy Code explained

IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.

13 July 2017 3:14 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

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI files insolvency against Electrosteel at NCLT

The move comes amid SBI and other lenders starting insolvency proceedings against the 12 bad loan accounts identified by...

29 Jun 2017 2:57 PM IST

Representational Image.

Banks to increase provisioning by 25 per cent post NPA haircut: Crisil

The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code...

26 Jun 2017 5:14 PM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency

Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.

23 Jun 2017 11:16 AM IST