TheNewsClues
Clues by Admin • 7 Aug 2018, Tuesday
The State Bank of India has invited bids from asset reconstruction companies to offload a loan of Rs 2,200 crore given to Bombay Rayon Fashions after the apparel maker defaulted on repayments. SBI has kept a reserve price of Rs 900 crore, ... Continue Reading
Read More at The Economic Times
Clues by Admin • 30 Jun 2018, Saturday
The RBI’s direction to banks to report even a one-day delay in payment of dues has let even some blue-chip firms being tagged in the defaulters’ list, three bankers, who spoke on conditions of anonymity, told BloombergQuint. ... Continue Reading
Read More at Bloomberg Quint
Clues by Admin • 29 Jun 2018, Friday
Until the PNB scam was disclosed in February, the Winsome Diamond Group scam was the country's second largest banking fraud after Kingfisher Airlines. The CBI has now filed a chargesheet in Special CBI-court against two former chairman-cum-managing directors and ... Continue Reading
Read More at Business Today
Clues by Admin • 28 Jun 2018, Thursday
According to the complaint by an anonymous ICICI Bank employee to RBI and SEBI, ICICI Bank issued hundreds of letters of credit (LCs) to entities related to its troubled corporate borrowers to help them avoid loan default. Banks often extend ... Continue Reading
Read More at Livemint
Clues by Admin • 12 Jun 2018, Tuesday
Allahabad Bank has referred 65 accounts of stressed assets involving an amount of about Rs 12,566 crore to the National Company Law Tribunal (NCLT) for resolution under Insolvency and Bankruptcy Code (IBC) during last fiscal. The bank said in its annual ... Continue Reading
Read More at The Economic Times
Clues by Admin • 4 May 2018, Friday
An insolvency petition has been filed against the Tayal group owned KSL & Industries at the NCLT’s Ahmedabad chapter by Allahabad Bank for failure to repay a loan of Rs 800 crore by the former. The promoter of the ... Continue Reading
Read More at The Economic Times
Clues by Admin • 26 Apr 2018, Thursday
Capital markets regulator Securities and Exchange Board of India (SEBI) has said that 1,847 individuals and entities have defaulted on the payments of penalties imposed by it through adjudication orders which were passed up to December 31, 2017. The list of defaulters ... Continue Reading
Read More at The Economic Times
Clues by Admin • 3 Apr 2018, Tuesday
As of December 2017, the total number of defaulters including individuals and companies in payment of penalties imposed by the market regulator SEBI stood at 2,183 as per the latest data released by the Securities and Exchange Board of India (SEBI). The ... Continue Reading
Read More at The Economic Times
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