Search For "stressed assets"
Arcil Inaugurates Educational Projects in Dahanu to Enhance Sanitation and
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], December 26: Asset Reconstruction Company (India) Ltd. (Arcil) has inaugurated two transformative projects aimed at improving educational infrastructure in rural government schools in Dahanu taluka of Palghar district. These CSR initiatives, executed in collabor
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Resolutions under IBC up by a record 42 pc in FY 2024; real estate and man
Updated : 1 year, 7 months ago IST
The Insolvency and Bankruptcy Code (IBC) recorded the highest-ever number of resolutions in fiscal 2024. In the year 269 cases received approval from the National Company Law Tribunal (NCLT) for resolution plans.
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Asset Reconstruction Companies not working as per their mandate to reconst
Updated : 1 year, 9 months ago IST
The Reserve Bank of India raised alarm on the functioning of the Asset Reconstruction Companies (ARCs) by highlighting that the ARCs not working as per their mandate to reconstruct and recover the assets
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SICOM swings back to profit in 18 months
Updated : 2 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 12 (ANI/PRNewswire): The State Industrial Investment Corporation of Maharashtra (SICOM) has scripted a remarkable comeback story with the key financial ratios of the company bouncing back to black along with an improvement in business while its stressed as
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Delhi HC asks govt, RBI to respond to Subramanian Swamy's PIL seeking prob
Updated : 2 years, 12 months ago IST
The Delhi High Court on Friday asked the government, the Reserve Bank of India (RBI), and the Securities Exchange Board of India (SEBI) to file responses of former Rajya Sabha MP Subramanian Swamy's PIL seeking direction to form a committee consisting of experts to investigate into the trans
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ABG Shipyard fraud case: Such cases are fully provided for, there will be
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 13 (ANI): After CBI registered an FIR against ABG Shipyard and its directors for allegedly cheating 28 banks of Rs 22,842 crores, State Bank of India managing director, risk compliance and stressed assets resolution group, Swaminathan Janakiraman on Sun
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CBI books Hyderabad-based firm for causing loss of Rs 218.21 cr to SBI
Updated : 4 years, 1 month ago IST
New Delhi [India], February 2 (ANI): Central Bureau of Investigation has registered a case against a Hyderabad based company, its Managing Director, Director and unknown public servants for an alleged bank fraud based on a complaint from a State Bank of India (SBI) Stressed Assets Management
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RBI imposes Rs 1 crore penalty on Union Bank of India for non-compliance w
Updated : 4 years, 3 months ago IST
New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the Union Bank of India (UBI) for non-compliance with certain provisions of its directions relating to fraud classification and reporting and sale of stressed assets.
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National Asset Reconstruction Company to acquire stressed assets of about
Updated : 4 years, 6 months ago IST
New Delhi [India], September 16 (ANI): Union Cabinet approved the Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets on Wednesday.
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Reliance Home Finance takes up resolution plan approved by lenders
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The board of directors at Reliance Home Finance (RHF) on Monday took note of a resolution plan approved by lenders under the Reserve Bank of India's (RBI's) prudential framework for resolution of stressed assets.
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RBI awaiting formal proposal on 'bad bank' from govt
Updated : 5 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday that the central bank is awaiting a formal proposal on the proposed bad bank.
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S&P affirms BB-plus/B ratings on UBI with stable outlook
Updated : 5 years, 2 months ago IST
Singapore, December 17 (ANI): S&P Global Ratings on Thursday affirmed BB-plus long-term and B short-term issuer credit ratings on Union Bank of India (UBI).
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