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IBC Section 29A needs more clarity, says SBI's Rajnish Kumar

Mumbai, Jan. 18 -- State Bank of India (SBI) chairman Rajnish Kumar said Section 29A of Insolvency and Bankruptcy Code (IBC), which disallows defaulting promoters and related persons from bidding for ... Read More


Large borrowers fall in line following RBI's one-day default norms

Mumbai, Jan. 18 -- A central bank rule mandating disclosure of loan default even if it is just by a day is putting the fear of god in big borrowers. Borrowers, who owe more than '5 crore, are graduall... Read More


SBI puts loan exposure to Essar Steel on the block

Mumbai, Jan. 17 -- The State Bank of India (SBI) on Wednesday put on sale its Rs 15,431 crore exposure to Essar Steel Ltd, as last-minute litigations continue to delay the recovery of its loans to the... Read More


SBI chairman says interpretation of Section 29A of IBC stretched too far

Mumbai, Jan. 17 -- State Bank of India (SBI) chairman Rajnish Kumar on Thursday said that Section 29A of the Insolvency and Bankruptcy Code (IBC), which disallows defaulting promoters and related pers... Read More


RBI norms make big borrowers fall in line

MUMBAI, Jan. 16 -- A central bank rule mandating disclosure of loan default even if it is just by a day is putting the fear of god in big borrowers. Borrowers, who owe more than Rs 5 crore, are gradu... Read More


SBI puts on sale Essar Steel loan of Rs 15,431 crore

Mumbai, Jan. 16 -- With last minute-litigation delaying recovery of Essar Steel loan, State Bank of India (SBI) on Wednesday put on sale its Rs 15,431-crore exposure to the steelmaker on a full-cash b... Read More


Large borrowers fall in line after RBI's one-day default norm

Mumbai, Jan. 16 -- A central bank rule mandating disclosure of loan default even if it is just by a day is putting the fear of god in big borrowers. Borrowers, who owe more than Rs 5 crore, are gradua... Read More


Central Bank of India CEO moves to turn around lender

Mumbai, Jan. 15 -- Pallav Mohapatra, the new managing director and chief executive officer at loss-making Central Bank of India, prefers to take a hands-on approach in running the bank. His 10am meeti... Read More


HFCs may face slowdown in H2 FY19

MUMBAI, Jan. 12 -- Housing finance companies (HFCs) may see slowing credit growth in the second half of 2018-19 because of factors such as tight liquidity and intense competition, rating agency Icra s... Read More


Bandhan net up 10.3%, provisions treble

Mumbai, Jan. 11 -- Bandhan Bank on Thursday said a Rs385 crore loan made to a borrower from the "infrastructure development and finance sector" had turned sour in the December quarter. Without naming ... Read More