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VISA STEEL LOAN
"We have to tighten our belts", Pashupati Advani warns of LPG crunch, IT job losses, and a 2-month earnings holeMarket veteran Pashupati Advani remains cautious about the current market rally, citing unresolved fundamental uncertainties like the Strai...- ACRE to buy Union Bank's Rs 411 crore Visa Steel LoanAsset Care and Reconstruction Enterprises (ACRE) is set to acquire a ₹411 crore loan of Visa Steel from Union Bank of India after no other ...
- Union Bank calls bids for its Visa Steel loanThe bank has been planning to sell Visa steel since March when it had sought ₹160 crore or 40% recovery on its loan. Union Bank had followe...
- SBI to hold auction for Visa Steel debt after Acre ARC's offerAcre had earlier raised its all-cash offer to ₹243 crore from ₹230 crore offered in February. It is expected to be the front runner to be d...
- ACRE raises binding offer for debt of Visa SteelACRE, an ARC, has given a revised offer of ₹243 crore as against its previous offer of ₹230 crore, the people said. ACRE was the sole bidde...
- Union Bank of India fails to get bidders for its bad loansUnion Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at ...
- Union Bank puts ₹410-cr Visa Steel Loan on saleUnion Bank of India is following an open bidding process where bidders are invited at above the reserve price, they said. Interested bidder...
- ACRE offers State Bank ₹230cr for Visa Steel LoansThe National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the...
- ACRE offers State Bank of India Rs 230 crore for Visa Steel loansThe offer from ACRE, an asset reconstruction company, is at the reserve price set by the bank and equates to a recovery of 33 paise on outs...
- SBI to sell its Rs 700-cr Visa Steel loan accountSBI's offer to sell this account comes even as the Orissa High Court, for the second time, stayed initiation of the insolvency process agai...
- Bank of India scouting for buyers for ₹3,600 crore distressed loansThe lender has asked ARCs to submit an expression of interest with an indicative price for the loan accounts they would like to acquire, sa...
- United Bank of India reports fraud against Visa Power LtdUBI Managing Director Ashok Kumar Pradhan has said that the bank had Rs 90 crore exposure to Visa Power, which defaulted a total of Rs 3600...
- Andhra Bank, SBI put Rs 5,000 crore soured loans on the blockSBI also includes pool of education amounting to Rs 382 crore given to over 20,000 students.
- Bankers look for speedy resolution of 28 accounts28 bad loan accounts need restructuring by December 13 or they’ll end up in NCLT, which will require banks to provide for losses of up to 5...
- Top 50 defaulters in the dock, RBI readies second listThe move will expedite the process of resolution of 60% of the 7 lakh crore of non-performing loans that slowed lending and hit profitabili...
- Andhra Bank and Allahabad Bank to sell worth Rs 6,000 crore of bad loansWhile Andhra Bank wants to sell off more than 100 accounts adding to about Rs 4,000 crore of loans, Allahabad Bank has invited bids for 73 ...
- Mission clean-up: Banks to pull up loan defaultersA battery of bankers led by State Bank of India and ICICI Bank is going to grill the top management of companies on their repayment and deb...
- Credit Suisse concerned over banks’ exposure to steel sectorCredit Suisse expressed concern over banking sector’s exposure to steel sector – which have huge debt burden at a time when metal prices co...
- PSU banks get aggressive on loan recovery, begin forcing management changesAccording to sources close to the development, SBI Chairman Arundhati Bhattacharya has been personally involved in some of these meetings.
- Ten stocks in focus in Thursday morning tradeIndian markets are likely to trade in a range. Here is a list of ten stocks which are likely to be in focus in trade today.
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