Mutual Fund or Bank deposit ?
[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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[ad_1] (SBI) is seeking buyers for its distressed loans, and about a third of these are to the power sector. Some of these accounts include the Ruia-promoted Essar Power Gujarat, Anil Ambani's Vidarbha Industries Power, KSK Mahanadi Power and Meenakshi Energy, three people aware of the development told ET.
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[ad_1] The long-awaited state-sponsored bad bank is set to kick off its business from the second week of January just in time for the banking industry to dress up its balance sheet as the fiscal year comes to an end in a quarter. Banks may generate one-off gains as they
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[ad_1] State-owned and Mumbai-based Suraksha group have submitted their revised bids to acquire debt-laden through an insolvency process, as per the direction of the Supreme Court. Last month, the Supreme Court remitted to the Committee of Creditors (CoC) the issue of approval of resolution plan for Jaypee Infratech
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