PowerMin nudges states, gencos to take up insolvent assets

To tackle increasing demand, the Union ministry of power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that......

Sitharaman asks banks to roll out loan restructuring scheme by Sep 15

The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.......

NPAs: New RBI circular scraps 1-day default rule

The new circular provides for a framework for early recognition, reporting and time-bound resolution of bad loans. Illustration: Dominic Xavier/Rediff.com The Reserve Bank on Friday issued a new......

Banks now have 3 options to tackle loan defaulters

The three options are - a one-time settlement, restructuring of loans and of course go to IBC. Illustration: Uttam Ghosh/Rediff.com Lenders to companies which are under stress could now have three......