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SBI moves insolvency plea against Jaiprakash Associates before NCLT

SBI moves insolvency plea against Jaiprakash Associates before NCLT

[ad_1] Country's biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore

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Competition Commission probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel

Competition Commission probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel

[ad_1] India's antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees, triggering a lawsuit by a group representing them, documents seen by Reuters showed. Indian regulations mandate that companies raising debt appoint a so-called "debenture trustee" to protect

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IDBI bank only has 16.72 crore outstanding loans to Sanghavi Exports: Stock Exchange Filing

[ad_1] IDBI Bank has informed stock exchanges that it has an outstanding loan of Rs. 16.72 crore to diamond firm Sanghavi Exports International Pvt. Ltd. and not Rs. 6710 crore as claimed by some media reports. It said the reports were factually inaccurate. The bank also stated that the account has been

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Centre consults RBI for liberal PSB sale norms, looks for bigger pool of bidders

[ad_1] The government is in consultations with the Reserve Bank of India (RBI) on a special framework for the privatisation of public sector banks that would allow bids from corporate-owned shadow banks such as , Shriram Capital and Cholamandalam Finance, as well as global sovereign wealth funds. This could help

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IDBI bank unveils attractive offers this festive season

[ad_1] IDBI, on account of its foundation week, is now introducing its retail asset products this festive season. The products would include Auto loans, Education loans, home loans with augmented features. To fall in line with the auspicious period of time, IDBI has revealed its 'i_zoomdrive' loans that will allow quick processing,

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IDBI Bank invites bids to divest stake in Asset Reconstruction Company

[ad_1] plans to divest its stake in Asset Reconstruction Company Ltd (Arcil) and has invited bids from interested parties. "IDBI Bank intends to sell 6,23,23,800 equity shares, constituting approximately 19.18 percent of the total equity share capital of Asset Reconstruction Company (India) Ltd held by IDBI Bank," it said in

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IDBI customers to get only 20 free cheque leaves per year from Jul 1; other services too revised

[ad_1] customers will have to pay Rs 5 per cheque leaf beyond 20 free leaves per year, under the revised charges from next month. Currently, customers can access as many as 60 cheque leaves without any charges in a year in the first year of account opening and 50

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