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RBI BANKRUPTCY
SBI's improving performance warrants better valuation, chairman Setty says: ReportState Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He...
SpaceX’s IPO success may rub off on AmbaniInvestor interest in major tech offerings remains strong. Mukesh Ambani's Jio Platforms is preparing for a significant IPO in India. Howeve...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
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...
SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....
SBI Card revises late payment penalty charges: Key changes in credit card late payment structure from May 1, 2026SBI Card has revised its late payment charges, effective May 1, 2026, impacting lower outstanding amounts. A new Rs 100 penalty now applies...
SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
Govt appoints Vaibhav Chaturvedi as RBI representative on IBBI boardVaibhav Chaturvedi, Chief General Manager of the Reserve Bank of India (RBI), has been appointed as an ex-officio member of the Insolvency ...
NCLT admits RBI plea seeking bankruptcy resolution for DHFLThe move came in after the Reserve Bank last Friday made an application for bankruptcy proceedings to resolve the credit and liquidity cris...
NBFC/HFC bankruptcy provisions positive for banks: Moody's"Inclusion of NBFCs into the bankruptcy code is credit positive for banks"
5 firms interested in Monnet PowerThe company has debt of nearly Rupees 6,000 crore on its books.
Government unlikely to issue directions to RBI on bad loans of power sector, says finance ministry officialThe court, however, asked the Centre to talk to the central bank to get some relief for the petitioners using the provisions of the RBI Act...
Banks finalising power firms' debt resolution plansLenders are preparing for more than 50% haircut as they race to meet the August-end deadline set by RBI.
Essar Steel not singled out for insolvency process: RBI to HCCo's NPA rose from Rs 31,671 cr on March 31, 2016 to Rs 32,864 cr on March 31 this year. It was very far from completing its loan restructu...
How Essar Steel's legal challenge can scupper government's boldest move on bad loansCracking down on bad loans, RBI last month identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore o...
Gujarat HC frowns over directive asking banks to initiate bankruptcy proceedings, RBI on back footThe Ruias-owned Essar Steel is the first of the 12 companies identified by the regulator to be tried under the bankruptcy code to challenge...
Banks hoping for some help surprised by RBI's moveRBI directed banks to initiate Insolvency and Bankruptcy Code for 12 top defaulters.
Identified: 12 insolvent accounts responsible for 25% of toxic assets on bank balance sheetWithout naming the defaulters, the Reserve Bank said the lenders will be asked to initiate insolvency proceedings to recover the dues.
Bankruptcy Code can help resolve NPAs, deepen corporate bond market: RBIRajan welcomed the Finance Ministry's move to bring in a Bankruptcy Code, saying it will help bankers resolve asset stress and also infrast...
- Indian banks' exposure to Lehman not significant: RBI
Most of Indian banks' exposures are to those Lehman Brothers' subsidiaries which have not filed for bankruptcy, the Reserve Bank has said.