Wilful loan defaulters will no longer be able to raise public funds through stocks and bonds, markets regulator Securities and Exchange Board of India (SEBI) ruled today. They will also be barred from taking up plum posts at listed companies.
Bangalore: In a setback for long defunct Kingfisher Airlines Director Vijay Mallya, the Debt Recovery Tribunal has restrained him from withdrawing an amount of approximately Rs 515 crore ($75 million) received from Diageo as a
Gurgaon: An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun
Chennai: Rising bad loans at government-owned banks running into several crores has caught the country's attention. The Reserve Bank has stepped in and the top court has raised some serious questions.There are two big problem
New Delhi: The Supreme Court (SC) today gave India's central bank six weeks' time to submit before it details of all companies that have either defaulted on bank loans of over Rs 500 crore or whose
New Delhi: Finance Minister Arun Jaitley today said Indian banks were equipped well to deal with bad loans, and that markets need not panic since the current turmoil that has pulled down key stock indices
New Delhi: The public sector banks (PSBs) said on Wednesday that their major problem of nonperforming assets (NPAs), or bad loans, could continue for another two to three quarters."The issue of poor asset quality was
New Delhi: Hoping that the situation of the non-performing assets (NPAs) will improve in the coming quarters, finance minister Arun Jaitley on Friday said that all-out efforts have been launched to correct the current "unacceptable"
New Delhi: Reserve Bank Deputy Governor R Gandhi today expressed concern over bad loans and said banks should strengthen their internal credit appraisal systems to minimise the risk of default."The final (NPA) figure for March
Kolkata: India's largest banker SBI is selling off its non-performing assets (NPA) of around Rs. 3,500-4,000 crore for the financial year 2013-14 to asset reconstruction companies (ARC).“We are selling NPA between Rs. 3,500-4,000 crore of
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