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Total 202 results found. Search for [ Asset Reconstruction Companies ]

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BusinessToday.In
New Delhi, February 11, 2019
Anil Ambani's Reliance Group loses Rs 13,000 crore in 4 days; blames L&T Finance, Edelweiss Group for stock fall Anil Ambani-led Reliance Group companies on Friday said that illegal, motivated and unwarranted actions by L&T Finance and Edelweiss group is responsible for nearly 55 per cent drop in market capitalisation in just 4 trading days. On February 1, Reliance Communications had filed for bankruptcy to resolve its debt position. As of March 2017, the company owed banks USD 7...


PTI
February 10, 2019
E-bidding for SBI accounts will take place on February 27 and for OBC on February 25.


PTI
February 1, 2019



PTI
New Delhi, January 28, 2019
Bank of India, under the prompt corrective action (PCA) framework of the Reserve Bank since 2017, had reported a net loss of Rs 2,341 crore in the year-ago period.


PTI
January 22, 2019



PTI
January 17, 2019
SBI said the resolution plan for the recovery of non-performing asset (NPA) has been approved and filed in NCLT Ahmedabad, according to which the minimum recovery to the bank is Rs 11,313.42 crore.


Dipak Mondal
New Delhi, January 15, 2019
Of the total loan of Rs 1060 crore, SRS Ltd owes Rs 628 crore to State Bank of India, Rs 224 crore to Bank of India and Rs 125 crore to Union Bank of India.


PTI
January 12, 2019



PTI
January 12, 2019



Dipak Mondal & Joe C Mathew
New Delhi, January 7, 2019
The Ministry of Corporate Affairs (MCA) is in the thick of action - dealing with shell companies, crisis at IL&FS, putting the fledgling insolvency law in place, and much more. MCA Secretary Injeti Srinivas, in a discussion with Joe C. Mathew and Dipak Mondal, talks about initiatives the ministry has taken in the past one year. Edited excerpts:


PTI
December 30, 2018
The various channels through which lenders recovered their bad loans include the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, debt recovery tribunals (DRTs) and Lok Adalats.


BusinessToday.In
New Delhi, December 19, 2018
In a written reply to a question in the Rajya Sabha, Shiv Pratap Shukla, Minister of State for Finance, said the Centre has initiated the formulation of several laws to secure prudential banking and instil a culture of credit discipline.


PTI
December 2, 2018
An e-auction will take place on December 13 for the sale of these three accounts -- Sona Alloys Pvt Ltd, MCL Global Steel Pvt Ltd and Jayaswal Neco Industries.


PTI
December 2, 2018



PTI
November 25, 2018
Andhra Bank has invited expressions of interest from asset reconstruction companies for the sale of its non-performing assets (NPAs) by November 30.


PTI
November 25, 2018



PTI
November 20, 2018



BusinessToday.In
New Delhi, November 5, 2018
HSBC executes India's first overseas blockchain payment for Reliance IndustriesBritish bank HSBC has executed India's first financial transaction using blockchain for a deal involving an export by Reliance Industries to an American client. The blockchain-enabled letter of credit transaction was for a shipment from the Mukesh Ambani-led company to US-based Tricon Energy, and helped reduce the time required to process the documents. The statement claimed that the solution is a significant impro...


PTI
November 4, 2018
The country's largest lender said the e-auction of these NPA accounts will take place on November 22. Of these 11 accounts, Janki Corp Ltd has the highest outstanding dues of Rs 592.53 crore.


BusinessToday.In
October 31, 2018
The bank sold its stressed assets on a full cash basis in two separate transactions. Loans to a pool of 12 companies, including GVK Gautami, GMR Rajahmundry, Monnet Power and Coastal Projects totalling Rs 2,335 crore sold in August for Rs 621 crore.


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