Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days. The Reserve Bank of India on Monday precluded chances of banks reporting divergent......
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel’s acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of......
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default. Illustration: Dominic Xavier/Rediff.com. The......
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion. Over Rs 2.8 trillion worth of loans, where payments have......
For willful defaulters, change in ownership accompanied by punitive action against the defaulting management is the way to go.Anup Roy reports. Illustration: Uttam Ghosh/Rediff.com A defaulter,......