ACRE, 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 is following an open bidding process where bidders are invited at above the reserve price, they said. Interested bidder...

The National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the...

The 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's offer to sell this account comes even as the Orissa High Court, for the second time, stayed initiation of the insolvency process agai...

The subject has assumed importance because banks have never invoked a government guarantee in the past. Senior bank officials conveyed thei...

UBI 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...

Visa Power’s committee of creditors held its first meeting in Kolkata on Wednesday to consider the broad contours of terms for inviting bid...

SBI also includes pool of education amounting to Rs 382 crore given to over 20,000 students.

The State Bank of India, which is the lead bank, would initiate insolvency proceedings against Visa Steel.

RBI has directed banks to set aside 50% as provisions on loans that are referred to the NCLT and 100% in case of liquidation.

28 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...

The move will expedite the process of resolution of 60% of the 7 lakh crore of non-performing loans that slowed lending and hit profitabili...

A meeting is expected this week and the lenders consortium may finalise advisors for SDR.

A 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...

The move is prompted due to company’s inability to meet its financial obligations, said two senior officials familiar with the development.

Visa Steel holds 65% stake in Visa Bao, with the Chinese partner holding the remaining 35% shareholding in the company.