The committee of creditors is yet to approve either of the two resolution plans that the Era Infra resolution professional has received so far - the reason being legal disambiguity of the resolution plans submitted

Stressed entities, especially MSMEs, that have defaulted for more than 30 days should be given an opportunity for loan restructuring, says PNB MD and CEO S S Mallikarjuna Rao

Stocks to watch today on August 10: Cipla, IndusInd Bank, Siemens, Punjab & Sind Bank, Concor among others are the top stocks to watch out for in Monday's trading session

The bank invoked pledge on 56.8 lakh shares constituting 7.82% of paid-up equity share capital of Eveready Industries

Borrowers can avail the new resolution plan by December 31, 2020, and the same must be implemented within 90 days from the date of invocation

Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

The RBI has stated that the benefit of restructuring will be available to corporates classified as standard accounts and not in default for more than 30 days with any lending institutions as on March 1, 2020

Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is presently in the United Kingdom.

Loan book under moratorium have declined sharply across most lenders; however, the last ten percentile of this book will remain the key to the extent of asset quality pain, says ICRA

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

Virgin Australia, Air Mauritius and Colombia-based Avianca are among airlines to have ceased operations in the past few months, with planes grounded by lockdowns around the world

Global studies show ownership does not make enterprises efficient, factors like competition, autonomy, regulation and institutional development do. Evidence also shows that private sector thrives on public hand-outs in normal times and public bail-outs in crises

Anil Ambani-led Reliance group is one of the biggest borrowers of YES Bank with exposure of over 12,000 crore

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

In his new book titled 'Quest For Restoring Financial Stability In India', Acharya delves into the nature of pressure he worked under at the Reserve Bank of India

HDFC Bank MD Aditya Puri recently said a whistle-blower flagged issues of \"personal misconduct\" by some employees of the unit and that based on internal probe findings, suitable action was taken against them

SBI has seen its gross NPAs in the small loan segment jump from 12 per cent in March 2019 to 15 per cent in March 2020

India Inc. and its lenders are in a legal crisis. Pre-empting a financial meltdown due to the Covid-19 lockdown, the Centre has suspended the Insolvency and Bankruptcy Code for a year

Kishore Biyani is staring at a major debt crisis. Here is why the options for the Future Group Chairman are limited

These executives allegedly sold GSP devices with auto loans to achieve sales targets from years 2015 to 2019, and to track customers in case of loan default