India has space for another strong ARC led by banks: Shaktikanta DasDas also added that just like non-bank lenders the RBI was internally working on refining and strengthening guidelines governing asset reco...
25 Feb, 2021, 01.26 PM IST
IBA starts identifying stressed loans for proposed bad bankBanks have been asked to submit details of all non-performing loans in or outside consortium worth ₹500 crore and above. Lenders have been ...
25 Feb, 2021, 07.00 AM IST
HNIs just flirt with the broke and bankrupt...India has thousands of deeppocketed investors willing to experiment with new-found wealth.
24 Feb, 2020, 08.07 AM IST
Essar insolvency ruling risks damage to India debt marketArcelorMittal’s offer would have made secured financial lenders more than 90% whole, meaning unsecured operational lenders should have had ...
17 Jul, 2019, 08.11 AM IST
View: India swaps bankruptcy teeth for denturesWhen lenders themselves start making a mockery of India's fledgling insolvency law, nobody can save it.
21 Jan, 2019, 11.56 AM IST
Why world’s top PE firm is ignoring its financials-only rule in IndiaIndia is the only country where Flowers is seeking opportunities outside the finserv space.
20 Mar, 2018, 01.44 PM IST
View: The bankruptcy of politics stalls common sense in IndiaStrengthening the bankruptcy law would take patient backroom work; it's far easier to placate voters with, "Look, we're taking the Ruias' s...
24 Nov, 2017, 11.51 AM IST
Promoters, suitors clash over bidding norms for steel companiesJSW, along with Piramal-Bain, is vying with Tata Steel, Arcelor Mittal and Nippon Steel to acquire some of the steel companies.
22 Nov, 2017, 10.21 AM IST
The 1st case under new bankruptcy code should have Modi government worriedThey've coaxed state-run banks to push 12 large firms, which between them have nonperforming obligations of $37 bn, through the same insolv...
30 Aug, 2017, 03.12 PM IST
Banks in no hurry to convert NPAs to equitySebi hasn't explained the formula. Current rules require conversions to be based on market price.
24 Mar, 2015, 10.41 AM IST
Shaking up the management: What is in store for Standard Chartered?To rebuild the business, he has to focus on Indian operations which was once its best, but has fallen on bad times.
27 Feb, 2015, 06.45 AM IST
RBI to allow buyout of sick companies with loansReserve Bank of India plans to allow firms specializing in turnarounds to buy troubled companies with the help of bank loans.
18 Dec, 2013, 08.55 AM IST
- I-Ventures Vulture fund raises $325 mn to invest in Indian cos in distress
AION, a special situations fund, will raise additional $175 mn as more Indian companies show signs of distress due to high rates.
07 Jan, 2013, 04.47 AM IST
Kingfisher First: Banks staring at Rs 6000-crore writeoff on loans to debt-ridden airlinesLenders are reconciling to the fact that chances of an equity investor coming forward is remote while the airline's troubles are rising.
24 Oct, 2012, 06.45 AM IST
Why are not banks getting rid of bad loans?Banks are holding back irrecoverable loans on their books, unwilling to accept the price that buyers are willing to fork out.
03 Sep, 2012, 09.10 AM IST
- Reliance Capital can trade in bad loans
Anil Ambani’s Reliance Capital, one of the country’s biggest finance companies, has been allowed to trade in bad loans.
20 Feb, 2008, 03.21 AM IST
- Vulture funds go for the kill
They are the new vulture funds, circling over state-owned banks and financial institutions, to buy out bad loans with the underlying securi...
13 Sep, 2006, 01.23 AM IST