Latest News for: Insolvent banking

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Bankruptcy board set to tackle group insolvency

The Times of India 22 Jan 2020
Bringing entities on the basis of inter-connectedness or common assets into the group resolution framework may face challenges and lead banks to classify standard accounts as NPAs, dragging standard cases into insolvency because of non-recovery of dues after insolvency resolution....
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Axis Bank files insolvency plea against RPower arm

Deccan Chronicle 22 Jan 2020
Reliance Power on Tuesday said one of its lenders Axis Bank has initiated insolvency process against its subsidiary ......
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Array Networks eyes $1 mn biz with #39;Make in India#39; testing product

Moneycontrol 22 Jan 2020
Federal Bank – Navigating troubled waters well. Axis Bank files insolvency plea against RPower arm. LIC reports NPAs worth Rs 30,000 crore in H1FY20; in same boat as YES Bank, Axis Bank and ICICI Bank ... A large percentage of this growth came from the government, BFSI (banking, ......
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Axis Bank preview: Q3 profit may see sharp jump on lower provisions

Moneycontrol 22 Jan 2020
Private sector lender Axis Bank�is expected to report 50-60 percent YoY growth in profit on January 22 on account of lower provisions and the sequentially it is likely to turn profitable (against loss of Rs 112 crore in Q2FY20) ... Nifty likely to consolidate further; Axis Bank, L&T earnings today. Axis Bank files insolvency plea against RPower arm....
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Stocks in the news: Asian Paints, ZEEL, Axis Bank, L&T, Airtel and Piramal Enterprises

The Times of India 22 Jan 2020
Asian Paints, Axis Bank, L&T. Alembic Pharma, CEAT, Ujjivan Small Finance Bank, Asian Paints, Axis Bank, L&T, ... The company said one of its lenders Axis Bank has initiated insolvency process against its subsidiary Vidarbha Industries Power Ltd for a claim of Rs 553.28 crore....
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Stocks in the news: Zee Ent, HDFC AMC, IndiaMart, Glenmark Pharma, Tejas Neworks, Polycab

Moneycontrol 22 Jan 2020
Zee Entertainment, IDBI Bank, NBCC, Just Dial, HFCL, Bharti Airtel ... RIL, HDFC Bank, TCS, Lupin, PNC Infra, HCL Tech, IndusInd Bank, SMS Pharma ... Asian Paints, Sterlite Tech, Yes Bank, IOC, Den Networks, SBI, Unitech ... Allahabad Bank ... Axis Bank files insolvency plea against RPower arm - PTI....
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ArcelorMittal-Nippon Steel participating in auctions in Odisha: CEO Dilip Oommen

Moneycontrol 22 Jan 2020
ArcelorMittal Nippon Steel India (AMNS India) is a 60.40 joint venture between L N Mittal-owned ArcelorMittal and Japan-based Nippon Steel Corporation. PTI @moneycontrolcom. ArcelorMittal ... related news ... Federal Bank – Navigating troubled waters well. Axis Bank files insolvency plea against RPower arm ... Use the code "GETPRO" ... ....
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We-Gave-Banks-More-Room-To-Restructure

Peace FM Online 21 Jan 2020
“Faced with these facts, the urgent focus of our initial policies was to design credible plans for the resolution of the two insolvent banks to prevent spillovers to the other banks and the broader economy....
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Will continue to probe Bhushan Power; IBC ordinance won’t shelter JSW: ED

Yahoo Daily News 21 Jan 2020
The Union Cabinet had in December last cleared an ordinance that would protect bidders for insolvent companies from any crimes committed by erstwhile or former promoters ... The Union Cabinet had in December last cleared an ordinance that would protect bidders for insolvent companies from any crimes committed by erstwhile or former promoters....
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The Debt Panel: 'I lost my job as a pilot, so can I repay my Dh666,000 debt from the US?'

The National 21 Jan 2020
When I was laid off in March last year, I approached my bank to secure a settlement on a loan and credit card ... Bank 1. ... Bank 2. ... How do I check if I have a travel ban and how do I negotiate with the banks over resolving my debts and the missing gratuity? Also, should I apply for insolvency in the UAE? AA, US Debt panellist 1 ... Insolvency law....
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UT-Capital-Bank-Were-Defiant--BoG

Peace FM Online 21 Jan 2020
THE CENTRAL Bank has revealed that local banks whose licences were revoked were rude and thought they could disregard the authority of the Bank of Ghana (BoG) ... Subsequent to the revocation of UT Bank and Capital Bank licences, he said BoG commissioned investigative work to examine factors that drove the banks into insolvency....
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Over time, buyout funds will become the new conglomerates: EY’s Soni

Live Mint 20 Jan 2020
... growth, ALM (asset-liability mismatch) and liquidity issues faced by the NBFC (non-banking financial company) sector and direct as well as indirect consequences of the IBC (Insolvency and Bankruptcy Code), many stressed asset opportunities are now emerging in the Indian market....
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DHFL CoC to vote on selling company in three parts

Yahoo Daily News 17 Jan 2020
The Reserve Bank of India (RBI)-appointed administrator R Subramaniakumar presented the proposal during a meeting on ... The NCLT, Mumbai, had admitted DHFL for the insolvency resolution on December 2, 2019 after the Reserve Bank of India’s direction under Section 227 of the IBC....

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