bankruptcy code


New NPA resolution framework long-term positive: Report

Feb 14 2018

The report states that the new framework has the potential to bring about a big change in the approach of banks to monitor their exposures and resolution of NPAs.

Gross NPAs decline marginally to 9.8 percent: Government

Feb 09 2018

Gross non-performing assets (NPAs) of banks declined marginally to 9.8 percent at the end of September 30 over the previous quarter, government said.

Andhra Bank logs net loss of Rs 532 cr in Q3 on NPA woes

Feb 08 2018

Public sector Andhra Bank reported a net loss of Rs 532.02 crore in the third quarter ended December of this fiscal due to higher bad loan provisioning.

Bank of Maharashtra Q3 net loss widens 3-fold to Rs 596 cr

Feb 06 2018

Bank of Maharashtra reported over three-fold jump in net loss to Rs 596.70 crore during the quarter ended December 2017 on spike in provisions due to higher NPA ratio.

IMF welcomes fiscal budget targets set by Arun Jaitley

Feb 01 2018

The IMF welcomed the fiscal targets set by Jaitley in budget proposals and noted that the economic survey released this wk strikes a good balance with realistic forecast.

More amendments likely in insolvency law: Govt official

Jan 28 2018

The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, a govt official said.

Positive impact of growth measures to be seen in long term: FM

Jan 04 2018

Finance Minister Arun Jaitley assured that the positive impact of the economic measures being taken by the government would be seen in medium to long term.

Putting all resources to resolve NPAs: Arun Jaitley

Jan 04 2018

Finance Minister Arun Jaitley said the government is bringing all possible resources to bear in order to resolve the issue of banks' bad loans.

Jaypee aims to complete 24K flats by 2020 at Rs 8,000 cr cost

Jan 04 2018

Debt-ridden Jaypee group is targeting to complete the construction of pending 24,000 flats in Noida by 2020 at a cost of about Rs 8,000 cr and deliver it to home buyers.

IBC's objective not to emphasise on liquidation: NCLT

Jan 03 2018

Kumar said the objective of the Insolvency and Bankruptcy Code (IBC) is to find appropriate solution for stressed assets and liquidation would be the last resort.

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US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52



Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share


To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%


RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports


SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports


Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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