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NPA SETTLEMENT
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...- IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
- YES Bank shares in focus after Rs 201-crore recovery from NPA settlementYES Bank shares will be in focus after the lender announced a one-time settlement (OTS) for a non-performing asset (NPA), resulting in a re...
- Actor Preity Zinta got Rs 1.55 crore remission on her loan she borrowed from New India Coop Bank: CopsPreity Zinta settled a loan of Rs 18 crore with New India Co-operative Bank through a Rs 1.55 crore remission. The loan was sanctioned in 2...
- Indian Overseas Bank adopts multi-pronged approach to ensure recovery from NPA accountsIndian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strateg...
- Post Supreme Court ruling, banks turn wary of declaring accounts as 'wilful default'Indian banks have refrained from declaring overdue loan accounts as fraud as the Supreme Court’s decisions make it obligatory for lenders t...
- RBI's move to allow banks to compromise with wilful defaulter, decodedIt is against this background that the latest Reserve Bank of India (RBI) notification on compromise settlements and technical write-offs s...
- SC clears McD's settlement with Indian partner Vikram BakshiSc rejects HUCDO's appeal. Hudco is claiming around Rs 140 crore loan dues from Bakshi and his related entities including Ascot Hotels and ...
- Supreme Court rules in favour of ARCIL in Tulip Star Hotels bankruptcy caseThe appellate tribunal had accepted the hotel operator’s claim that the ARC filed its case against the company under the Insolvency and Ban...
- Kotak Mahindra Bk arm buys 74% stake in HKR Roadways for 715 croreThe USD 1 billion KSSF is managed by Kotak Investment Advisors, which focuses on alternate assets business, and this funding and resolution...
- Making efforts to cut bad loans to come out of PCA framework: Indian Overseas BankThe Chennai-based lender had returned to black, registering a net profit of Rs 144 crore in the January-March quarter of the fiscal ended M...
- Passports of 150 defaulters impounded due to its effort, says PNBThe bank, which is embroiled in a Rs 14,000-crore scam, says it is strengthening its recovery efforts with innovate recovery mechanisms and...
- NAFED signs the debt settlement agreement with its eight lender banksThe settlement has been made at Rs 478 cr with the cash payment of Rs 220 cr and assignment of sale rights of one of its prime properties l...
- Bank of India to focus on one-time settlement to recover bad loansBanks are allowed to settle NPA accounts even after taking large haircuts when recovery becomes difficult and to avoid lengthy and tedious ...
- NPA resolution policy gathers pace, likely announcement soonThis will provide a clear direction on the NPA front and the government will be able to take the bull by horns, the official said.
- We are looking at a portfolio of about Rs 6000 crores under one-time settlement scheme: Rajnish Kumar, MD, SBIThe scheme was approved on 25th January and we have circulated on February 2, said Rajnish Kumar.
- IFCI sets NPA recovery target of Rs 600 crore for Q4 FY17In the first 9 months of the current fiscal, the state-owned term lender mobilised about Rs 400 crore out of Rs 1,000 crore set for the ent...
- IREDA's settlement of loans caused loss of Rs 238 crore: CAGPurti Sakhar Karkhana Limited was sanctioned a loan of Rs 48.65 crore by IREDA for setting up a 22 MW bagasse based co-generation project a...
- RBI seeks transparency in NPA compromise settlementsNoting that some financial institutions were allegedly flouting its norms, the Reserve Bank today directed banks to carry out the settlemen...
- RBI asks banks to extend debt relief benefits till June-endThe Reserve Bank has directed urban cooperative banks not to treat the accounts of the farmers covered under the Debt Relief Scheme as bad ...
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