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  • SEBI

    SEBI cracks whip on wilful defaulters; bars them from markets, plum posts

    Mar 12, 2016, 04:08 PM IST

    Wilful loan defaulters will no longer be able to raise public funds through stocks and bonds, markets regulator Securities and Exchange Board of India (SEBI) ruled today. They will also be barred from taking up plum posts at listed companies.

  • court bars mallya from accessing diageo s rs 515 cr payout

    Court bars Mallya from accessing Diageo's Rs 515 cr payout

    Mar 07, 2016, 06:58 PM IST

    Bangalore: In a setback for long defunct Kingfisher Airlines Director Vijay Mallya, the Debt Recovery Tribunal has restrained him from withdrawing an amount of approximately Rs 515 crore ($75 million) received from Diageo as a

  • panel on psu banks consolidation on anvil arun jaitley

    Panel on PSU banks' consolidation on anvil: Arun Jaitley

    Mar 05, 2016, 10:01 PM IST

    Gurgaon: An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun

  • bad loans why the call for making top bank bosses

    Bad loans: Why the call for making top bank bosses accountable deserves merit

    Mar 03, 2016, 09:04 PM IST

    Chennai: Rising bad loans at government-owned banks running into several crores has caught the country's attention. The Reserve Bank has stepped in and the top court has raised some serious questions.There are two big problem

  • sc directs rbi to furnish details of biggest bank loan

    SC directs RBI to furnish details of biggest bank loan defaulters

    Feb 16, 2016, 03:46 PM IST

    New Delhi: The Supreme Court (SC) today gave India's central bank six weeks' time to submit before it details of all companies that have either defaulted on bank loans of over Rs 500 crore or whose

  • markets need not panic bad loans being tackled arun jaitley

    Markets need not panic, bad loans being tackled: Arun Jaitley

    Feb 12, 2016, 07:18 PM IST

    New Delhi: Finance Minister Arun Jaitley today said Indian banks were equipped well to deal with bad loans, and that markets need not panic since the current turmoil that has pulled down key stock indices

  • banks bad loans crisis to remain for next 2 3 quarters

    Banks' bad loans crisis to remain for next 2-3 quarters'

    Oct 22, 2015, 09:35 AM IST

    New Delhi: The public sector banks (PSBs) said on Wednesday that their major problem of nonperforming assets (NPAs), or bad loans, could continue for another two to three quarters."The issue of poor asset quality was

  • public sector banks bad loans unacceptable arun jaitley

    Public sector banks' bad loans 'unacceptable': Arun Jaitley

    Aug 22, 2015, 06:50 AM IST

    New Delhi: Hoping that the situation of the non-performing assets (NPAs) will improve in the coming quarters, finance minister Arun Jaitley on Friday said that all-out efforts have been launched to correct the current "unacceptable"

  • bad loans in bengal amount to rs 4967 cr

    Bad loans in Bengal amount to Rs 4967 cr

    Jul 19, 2014, 06:37 PM IST

    Kolkata: Bank loan default by companies in West Bengal amounted to Rs 4,967 crore till the second quarter of last fiscal involving 437 accounts in excess of Rs 1 crore, according to a list issued

  • bad loans a cause of concern rbi deputy guv gandhi

    Bad loans a cause of concern: RBI Deputy Guv Gandhi

    May 31, 2014, 08:58 PM IST

    New Delhi: Reserve Bank Deputy Governor R Gandhi today expressed concern over bad loans and said banks should strengthen their internal credit appraisal systems to minimise the risk of default."The final (NPA) figure for March

  • sbi to offload up to rs. 4 000 crore bad loans to asset

    SBI to offload up to Rs. 4,000 crore bad loans to asset reconstruction companies

    Apr 06, 2014, 04:45 PM IST

    Kolkata: India's largest banker SBI is selling off its non-performing assets (NPA) of around Rs. 3,500-4,000 crore for the financial year 2013-14 to asset reconstruction companies (ARC).“We are selling NPA between Rs. 3,500-4,000 crore of