A Bengaluru chartered accountant offers a new perspective on finances. A 29-year-old earning Rs 1.55 lakh monthly felt strained, but the ac...

The bank has engaged Navi Mumbai-based Special Situation Advisors India to find a buyer for 67 large corporate accounts within the next fou...

This would benefit creditors in long-running cases like KSK Mahanadi, under CIRP since October 2019. IBBI has asked stakeholders to submit ...

The assets on the block are a dozen cases including loans to Videocon Oil Ventures (VOVL), Jaiprakash Associates (JAL) and Wind World, whic...

A senior official told ET that the government has asked public sector banks (PSBs) to focus on written-off loans and try to recover at leas...

L&T Finance sold the portfolio of four accounts for ₹980 crore, equating to a recovery of nearly 66%, the people cited above said. The othe...

Finance company PNB Housing Finance Ltd restructured Rs 412 crore debt and transferred the project to Tulip Infratech, which agreed to take...

Banks have recovered more than Rs 40,000 crore from three of the twelve loan accounts.

The SBI official said home buyers and lenders must be put on "equal footing" and the losses should be borne at the same rate.

The farmers who have started selling their Kharif produce are mostly paid in cash by wholesale traders. Now, the amount with farmers (mostl...

Govt has asked departments, ministries & public sector entities to release 75% of disputed amount where developer has won an arbitration ca...

Ahmedabad has the highest number of large-value cases being heard in debt recovery tribunals across the country.

"RBI is exploring ways to allow banks more flexibility in (loan) restructuring. This is a risk we are prepared to take if it allows more pr...

Orbit Corp plunged 14.98 % to hit its 52-week low of Rs 10.10, as the real estate developer defaulted on liabilities of Rs 96 crore.

"We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher, owned by Vijay M...

Three SMS and a phone call is all a loan defaulter would get by way of a warning before a bank sends recovery agents to his house.

With India still shining these days, the country’s central bank too seems to be hogging all the limelight among its fellow central banks.