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SECURITISATION ACT
Banks casual in granting big loans, strict with small borrowers: SCThe Supreme Court has noted a troubling trend where banks like State Bank of India are casual in sanctioning large corporate loans. However...
Transmission sector set for FY27 turnaround after five sluggish years, report says Rs 7.6 trillion opportunity aheadIndia's power transmission sector anticipates a strong recovery by FY27. Regulatory changes and new investment models will drive capital fl...
Misuse of Insolvency and Bankruptcy Code by loan defaulters has tendency to badly impact economy: HCThe Bombay High Court has strongly condemned loan defaulters and guarantors for exploiting the Insolvency and Bankruptcy Code. This practic...
Debt recovery to prevail over sick unit revival: Supreme CourtThe court observed that though recoveries under the Securitisation Act had declined in 2011-12, it still accounted for 70% of the total.
- Export Guarantee Corp pays record claim of Rs 713 crore
Banks and exporters have made claims of Rs 713 crore from ECGC in 2011-12, reflecting a rise in bad assets in the export finance sector .
- Amendments to SARFAESI Act to clear recovery processes: BA Prabhakar, Bank of India
In an interview with ET Now, BA Prabhakar, ED, Bank of India, gives his views on the amendments made in the SARFAESI Act.
- SKS Micro announces two securitisation deals
The securitisation is of receivables from 7.5 lakh micro borrowers. Pool receivables were identified from 18 non-AP states where SKS operat...
- The final word on secured lending
Effect of SC judgment is that claims of the state govt for arrears of sales tax and other taxes, if given statutory first charge over prope...
- Shalinitai’s sugar mill on sale under Securitisation Act
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, which has been used to sell ...
- In search of a seamless Indian securities market
The Securities Contracts (Regulations) Act, 1956 (SCRA) was amended to help develop the secondary market for corporate and securitised debt...
- SBI seeks SC ruling on provisions of Securitisation Act
Bank challenges Orissa HC order in a default case where the HC had said provision of other law could supersede the Securitisation Act.
- Registration of SPV with Sebi
Sebi has put on its website a consultative paper on draft regulations on securitised debt instruments which envisages registration of a spe...
- Securitisation of financial assets
With local banks getting ready to adopt Basel-II norms for risk management, the next step should be to make securitisation of assets an eff...
- Banks tune in to SC hearing on bad loan recovery
The case, which will come up for hearing at the apex court on September 20, would decide on whether banks could simultaneously resort to th...
- Separate law for loan securitisation likely
The government is considering the option of introducing a separate legislation for securitisation of loans.
- Govt may plug gaps in Securitisation Act
Lenders who got a rude shock when the Debt Recovery Tribunal (DRT) stayed ICICI Bank's action against Mardia Chemicals earlier this month c...
- Banks told to crack down on defaulters
The Centre has warned banks on soft-peddling in issuing notices to defaulters despite arming them with the Securitisation Act and said no “...