In West Bengal's largest real estate deal, DLF JV firm sells IT park for Rs 637 cr to Primarc, RDBDLF Cyber City Developers Ltd has sold Kolkata Tech Park 1, an IT park in Kolkata, to Primarc and RDB Group for Rs 637 crore. The transacti...
29 Nov, 2024, 07.05 PM IST
Perform or perish: Government asks PSBs to identify non-performing vendors, create negative listThe government directs public sector banks (PSBs) to blacklist underperforming service providers and collaborate to enhance efficiency. Fin...
23 Jun, 2024, 11.26 PM IST
PSBs told to speed up recovery at tribunalsAs per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original...
01 May, 2024, 12.51 AM IST
Banks to conduct performance review of empanelled advocatesBanks implement measures to enhance DRT efficacy. Reviews of advocates' performance, officer presence at hearings, and changes in regulatio...
17 Feb, 2024, 07.33 PM IST
Civil courts can take up counter case of borrower against lenders: Supreme CourtThe top court was dealing with the vexed legal question whether a borrower, facing the recovery proceedings by a lending bank under the Rec...
11 Nov, 2022, 12.37 AM IST
Civil courts not barred from entertaining counter case of borrower against banks, financial institutions: Supreme Court"There is no provision in the RDB Act by which the remedy of a civil suit by a defendant in a claim by the bank is ousted," a bench of just...
10 Nov, 2022, 09.09 PM IST
Vijay Mallya Case: It’s retired Indian judge vs judgeThe dispute over which the two judges had given expert views was whether an order passed by the Debt Recovery Tribunal (DRT) in India was e...
27 Jul, 2019, 09.25 AM IST
- Gujarat Congress demands removal of top executive of Ahmedabad metro project
Gujarat Congress demanded removal of top executive of Gandhinagar-Ahmedabad Metro Rail Project Sanjay Gupta, saying he was declared as "def...
06 Mar, 2013, 02.59 AM IST
Are you stuck with bad IPOs?If you had invested in IPOs in past two years, it's likely that you are sitting on losses. Here are the things you should know before inves...
06 Feb, 2012, 09.55 AM IST
- Debt recovery tribunals see NPA surge due to slowdown
The debt recovery tribunals (DRTs), set up by the government to help financial institutions recover bad debts efficiently, expect the numbe...
21 Apr, 2009, 01.09 AM IST
- Companies face the heat from rising rates, slowdown
From interest rates of about 8% to 9% that were prevalent last year - rates at which lending was done for companies - to current rates of a...
15 Sep, 2008, 12.35 AM IST