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  • Govt taking adequate measures to control onion prices: FM Nirmala Sitharaman

    Govt taking adequate measures to control onion prices: FM Nirmala Sitharaman

    Dec 4, 2019, 08:27PM IST

    Nirmala Sitharaman said there are several structural issues related to storage of onions and the government is trying to address them. Steps taken by the government to check rising prices of onion include ban on exports, imposition of stock limit, and import and transfer of onions from surplus to deficit areas, FM said.

  • IDBI Bank to raise Rs 1,500 crore from asset sales: CEO

    IDBI Bank to raise Rs 1,500 crore from asset sales: CEO

    Dec 3, 2019, 07:52AM IST

    The government appointed Sharma in October 2018 to manage the transition of the bank’s ownership to Life Insurance Corporation of India.

  • Gross NPAs of SCBs decline by 98K cr by June: Govt

    Gross NPAs of SCBs decline by 98K cr by June: Govt

    Nov 25, 2019, 09:16PM IST

    Gross NPAs of SCBs, which stood at Rs 10,36,187 crore on March 31, 2018, declined by Rs 97, 996 crore to Rs 9,38,191 crore as on June 30, 2019, Anurag Thakur said during question hour in Lok Sabha. The gross NPAs stood at Rs 3,23,464 crore as on March 31, 2015 and increased to over Rs 10.36 lakh crore figure by the end of 2017-18 fiscal on March 31.

  • Personal guarantees may aid bad loan resolution

    Personal guarantees may aid bad loan resolution

    Nov 19, 2019, 08:02AM IST

    In a notification on November 15, the ministry of corporate affairs (MCA) included personal guarantees on corporate loans under the bankruptcy code effective from December 1. The promoters who have given personal guarantees include Jet Airways founder Naresh Goyal & The Ruia family which just last week lost its Rs 42,000 crore battle to keep Essar Steel.

  • Personal guarantees may aid bad loan resolution

    Personal guarantees may aid bad loan resolution

    Nov 19, 2019, 08:02AM IST

    In a notification on November 15, the ministry of corporate affairs (MCA) included personal guarantees on corporate loans under the bankruptcy code effective from December 1. The promoters who have given personal guarantees include Jet Airways founder Naresh Goyal & The Ruia family which just last week lost its Rs 42,000 crore battle to keep Essar Steel.

  • Essar Steel lenders to recover over 90% of Rs 42,000 crore

    Essar Steel lenders to recover over 90% of Rs 42,000 crore

    Nov 16, 2019, 08:30AM IST

    Almost 830 days after it was sent to IBC, the SC paved the way for the steelmaker's eventual resolution.

  • Met most conditions, to request RBI to take IDBI Bank out of PCA: Rakesh Sharma

    Met most conditions, to request RBI to take IDBI Bank out of PCA: Rakesh Sharma

    Nov 11, 2019, 03:21PM IST

    This quarter we kept slippages at around Rs 2200 crore against Rs 3,486 crore in last quarter.

  • IDBI Bank narrows Q2 loss to Rs 3,459 crore on higher margins, lower NPAs

    IDBI Bank narrows Q2 loss to Rs 3,459 crore on higher margins, lower NPAs

    Nov 8, 2019, 08:16PM IST

    The gross NPA ratio stood at 29.43, marginally better than 31.78 it had reported in the year-ago period.

  • IDBI Bank issues public notice on Vijay Mallya as 'wilful defaulter'

    IDBI Bank issues public notice on Vijay Mallya as 'wilful defaulter'

    Nov 6, 2019, 04:37PM IST

    IDBI Bank NPA Management Group in Mumbai issued a public notice about wilful defaulter with the now defunct Kingfisher Airlines as the borrower and Vijay Mallya as the director and guarantor. Vijay Mallya is currently in London and the Indian government has initiated legal proceedings to seek his extradition.

  • PSU banks extend support of Rs 2.56 lakh crore to stressed NBFCs

    PSU banks extend support of Rs 2.56 lakh crore to stressed NBFCs

    Oct 31, 2019, 09:30PM IST

    PSBs have been accorded sanction to purchase Rs 21,580 crore worth of pooled assets as on October 16, the ministry said in a status report of various stimulus measures announced since August 23 to boost sagging economic growth which hit a six-year low of 5 per cent during the first quarter of the current fiscal.

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