Kerala's cashew industry crisis deepens as banks prepare for loan recoveries

Banks are going ahead with recovery proceedings despite the government’s one-time settlement plan.

published on : 25th October 2021

Hyderabad's National Company Law Tribunal pulled up in Viceroy Hotels case

A division bench suspended the orders passed by the NCLT on September 1, 2021. It may be recalled that CFM Asset Re-construction Pvt. Ltd. had submitted a bid for Rs 185 crore for the Viceroy Hotels.

published on : 19th September 2021

France's Notre Dame cathedral secured at last, safe to rebuild

Paris's famed Notre Dame cathedral caught fire on April 15, 2019, causing severe damage to the building and the collapse of its spire.

published on : 18th September 2021

Will the bad bank help in resolving our NPA problem?

The biggest issue with the NARCL is that it will be owned largely by public sector banks and have its management drawn mostly from them.

published on : 27th August 2021

IBA moves RBI seeking licence to set up Rs 6,000-crore  National Asset Reconstruction Company 

IBA, entrusted with the task of setting up a bad bank, has put a preliminary board for NARCL in place. The company has hired P M Nair, a stressed assets expert from SBI, as the managing director.

published on : 22nd August 2021

Anil Ambani's R-Naval receives 3 bids

R-Naval has a debt of Rs 11,000 crore and the banks have already provided for 100 per cent of the debt, for the last 8 years.

published on : 17th August 2021

Yes Bank to float asset reconstruction company, invites bids from investors

Ernst & Young said that the prospective investor should have a strong financial capability and should have substantial experience in the distressed asset space.

published on : 11th August 2021

15 lenders to infuse Rs 6,000 crore in bad bank; may begin ops this year

The other directors will include Indian Banks’ Association (IBA) chief executive Sunil Mehta, SBI deputy managing director Salee Sukumaran Nair and Canara Bank’s representative Ajit Krishnan Nair.

published on : 14th July 2021

Cabinet may soon clear proposal for govt guarantee to bad bank

According to sources, the proposal is before the Cabinet and its nod is required to extend sovereign guarantee to security receipts issued by NARCL.

published on : 29th June 2021

New bad bank expected to be launched in July

Lenders have so far reviewed 101 non-performing assets (NPAs) in the first phase and now plan to transfer 22 accounts amounting to roughly Rs 89,000 crore to the bad bank.

published on : 29th June 2021

Surgeons to reconstruct face of Zimbabwean nine-year-old boy damaged by hyena attack

Doctors in one of the city's main public hospitals did the best they could to patch him up and stabilise his condition, but lacked the resources to fully repair his ravaged face.

published on : 21st June 2021

IDBI Bank invites bids to divest stake in Asset Reconstruction Company

Arcil was incorporated in 2002 and is owned by banks like SBI, IDBI, ICICI, PNB and strategic foreign investors such as Avenue India Resurgence Pte Ltd.

published on : 18th June 2021

World Bank-aided watershed rejuvenation plan soon in Odisha

The government has decided to treat around 1.15 lakh hectare (ha) of land under 152 micro-watershed units in five pilot districts of Koraput, Nayagarh, Dhenkanal, Deogarh and Sambalpur.

published on : 7th June 2021

Kerala floods one month after: Centre supports state’s demand for GST cess

The state government had originally proposed a 10 per cent cess on SGST that would mobilise anything between Rs 700 crore and Rs 900 crore a fiscal.

published on : 21st September 2018

Kerala floods one month after: Central team to assess flood damage from Friday

The 11-member team, led by Home Ministry’s Special Secretary B R Sharma, will visit all 12 affected districts in the state till September 24.

published on : 21st September 2018
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