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] Lenders to Anil Ambani-promoted Reliance Naval and Engineering (RNEL), having failed to secure the legal nod to a resolution offer for the distressed borrower in more than six months, have proposed selling their loans in the company to the government-backed bad bank, two people aware of the development told
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[ad_1] Merger and acquisitions will continue to be a part and parcel of the insurance sector, which is a highly capital intensive sector and can accommodate new entrants with specialised skill sets having long-term vision. The past developments in this sector and recent decision of the Mumbai National Company Law Tribunal
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[ad_1] The Pre-packaged Insolvency Resolution Process (PIRP) has not found many takers as bank officials are wary of taking voluntary haircuts that may be questioned later. It was notified more than a year ago but so far only two insolvency cases have been initiated under this regime, available exclusively to micro,
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[ad_1] State-run Union Bank of India is turning around its growth strategy to grab the unattended retail and SME share in the hinterland where it is now equipped with the network of Andhra Bank and Corporation Bank that were merged into it. Chief executive officer A Manimekhalai, currently the lone
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[ad_1] An apex court order giving the National Company Law Tribunal (NCLT) discretion over admission of insolvency cases even when default is proven has shaken bankers and lawyers. They said the ruling could deflate an already delayed process under the Insolvency and Bankruptcy Code (IBC) and will most likely be used
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[ad_1] Lenders to the Anil Ambani-promoted Reliance Infrastructure Telecommunications Ltd (RITL) have come to an understanding with the winning bidder for the bankrupt company on completing the takeover two years after the deal was approved by the National Company Law Tribunal (NCLT). The winner is Projects & Property Management
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[ad_1] State-owned expects advances to grow by 10-12 per cent in the current fiscal year with corporate loans yet to pick-up, top official said in an analysts call. The bank's year-to-date (YTD) loan growth stood at about 5 per cent mainly driven by Retail sector advances, Agricultural and MSME
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[ad_1] () has dragged to bankruptcy over a ₹395 crore loan, according to people briefed on the matter. The company markets sugar under the Trust brand and has a pan-India distribution set up. It also exports its products to the Middle East, Southeast Asia and Africa. SBI has claimed at
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[ad_1] Mortgage major has received approval from the National Housing Bank (NHB) for its merger with subsidiary , a regulatory filing said on Tuesday. The NHB has also approved the merger of two wholly-owned subsidiaries -- HDFC Investments and HDFC Holdings Limited -- of the housing finance company with
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