PNB receives $3.25 mn from liquidation of Nirav Modi-owned Cos in US
Punjab National Bank (PNB) has received Rs 24.33 crore ($3.25 million) as proceeds from the liquidation of Nirav Modi-owned companies...
Banking
Bank loan frauds jump three times to Rs 1.82 lakh crore in 2019-20
Bank loan frauds have seen sharp jump in 2019-20 as the latest annual report (2019-20) of the Reserve Bank of...
In further jolt to Era Infra insolvency case, ED freezes Co’s Axis Bank account
In what could further delay the Era Infra Engineering insolvency case, the Enforcement Directorate (ED) has attached movable asset worth...
One-time restructuring of loans to worsen banks’ asset quality: Fitch Ratings
The Reserve Bank of India’s (RBI) recent proposal of one-time restructuring of loans will extend uncertainty over the banking sector’s...
45% customers have opted for loan moratorium: Finway
Finway, a Delhi-based NBFC, says 45% of all its borrowers have applied for loan moratorium. This behavior, however, is more distinctly...
How countries are shielding businesses from insolvency in times of Covid-19
Even as India’s central bank – Reserve Bank of India (RBI) – on today announced a slew of measures to...
New resolution plan offers additional credit, tenure extension, debt conversion facilities to corporate debtors
The separate resolution plan for corporate borrowers announced by the Reserve Bank of India (RBI) today will have steps like...
Banks can restructure loans of covid-hit MSMEs without asset downgrade
Existing loans to MSMEs facing stress due to Coronavirus-related restrictions could be restructured without a downgrade in the asset classification....