• Tag results for debt

Credit card debt: Watch those balances this festive season

Banks and NBFCs are carpet bombing potential customers with deals such as offering personal loans in ten minutes, allowing conversion of purchases into EMIs or by issuing no annual fee credit cards.

published on : 17th September 2018

SC appoints NBCC to construct stalled projects of Amrapali Group, DRT to sell its properties

The bench also questioned the Amrapali Group on why it had not filed Income Tax returns since 2015 and what were its in-house auditors doing on non-filing of returns.

published on : 13th September 2018

Government doubles threshold for filing debt cases

As on December 31, cases with a total worth of Rs 4.5 trillion were pending before various DRTs compared to Rs 3.75 trillion in the previous year.

published on : 7th September 2018

Hyderabad HC directs State to provide infrastructure support for implementing ryot schemes

A division bench of the Hyderabad High Court directed the two States to utilise the services of legal services authorities in identifying the beneficiaries under the two schemes.

published on : 4th September 2018

Jaiprakash Power Ventures board approves conversion of Rs 4,000 crore debt into equity 

The board has approved alteration of clause V of the memorandum of association of the company to increase the authorised share capital of the company from Rs 10,050 crore to Rs 20,050 crore.

published on : 31st August 2018

Congress slams Government over debt burden

Alleging that around 90 per cent of farmers in Odisha are under loan burden, Patnaik said the income generated from farming is not adequate to repay loans in time. 

published on : 31st August 2018

RBI’s deadline for banks to resolve bad debts ends

Allahabad High Court refuses to offer interim relief to power companies, which are responsible for half of the bad loan accounts RBI has identified for resolution

published on : 28th August 2018

Couple, three-year-old son, found dead in Krishna district

To ensure that they could run their business, they reportedly took loans from a few lenders in the town.

published on : 15th August 2018

Overdue debt remains high despite dip in banks’ NPAs

The gross NPA position of banks, which stood at 8.26 per cent as on March 31, 2015, zoomed to 11.50 per cent in 2016-17.

published on : 1st August 2018

SBI Capital Services Ltd will cease to offer debt syndication, debt resolution services

On Tuesday, the lender said its board has finally decided to approve the restructuring of its capital markets division, a move first proposed in April, and one which a few other PSU banks objected to.

published on : 1st August 2018

Air India received Rs 27,195 crore equity infusion, says Sinha

At the end of March 2017, the national carrier had a debt burden of more than Rs 48,000 crore. The government's proposed strategic disinvestment of Air India failed to take off in May.

published on : 26th July 2018

Finance Minister sleeping? Bombay HC annoyed over non-functioning of Debts Recovery Tribunal

The DRT, located in the Scindia House building at Ballard Estate in south Mumbai, has been non-functional since a fire broke in the building on June 2.

published on : 23rd July 2018

Preetha Shaji detained ahead of the 48-hr stir, released by evening

The police had earlier arrested four persons in the case registered following the self-immolation threats to prevent revenue officers from attaching the property.

published on : 18th July 2018

Finance Commission to address West Bengal's debt restructuring demand

The commission has taken a serious note of the expectation of the state government and will explore possible ways within our mandate."

published on : 18th July 2018

Towering debt: Over 6,000 crore tax pending from local bodies in Karnataka

Most of the mobile towers, windmills, private power plants and others, due to the problems associated with tax collection, have not paid any taxes to the state.

published on : 16th July 2018
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