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Lok Sabha to take up Debt Recovery Bill on Monday

The government is scheduled to move in the Lok Sabha on Monday an amended bill to strengthen the debt recovery laws with an objective to improve the ease of doing business in the country.

Delhi Police to arrest a few more in call snooping case

 The Crime Branch sleuths may arrest two or three more persons in the alleged call detail recordings (CDR) racket, which it busted after arresting four persons.

PSU banks' NPAs rise by Rs 1 lakh crore in 9 months of FY'16: FM Jaitley

PSU banks' NPAs rise by Rs 1 lakh crore in 9 months of FY'16: FM Jaitley

Bad loans of public sector banks (PSBs) have increased by nearly Rs 1 lakh crore during the first nine months of the current fiscal, Finance Minister Arun Jaitley said Tuesday.


Credit-deposit ratio in Bengal rises by one percent

P. Srinivas, United Bank of India managing director and CEO and SLBC chairman in Bengal, said the agricultural disbursement under the Annual Credit Plan during 2014-15 stood at Rs.23,327 crore, which was an increase of 12.9 percent over last year.

ABG Shipyard in talks with Privinvest for strategic stake sale

The company did not offer any clarity on the equity percentage to be sold, but Privinvest is expected to buy up to 49 percent through fresh equity worth Rs 1,000 crore.

'Accessing call record of Jaitely not breach of privilege'

The unauthorised obtaining of Call Data Records (CDR) of the then Leader of Opposition Arun Jaitley in 2013 is not a breach of privilege, the Privileges Committee of Rajya Sabha has held.

CDR referrals touch record Rs 1.09 trillion till December

Banks referred a record Rs 1.09 trillion worth of stressed assets to the corporate debt restructuring (CDR) cell between April and December, exceeding the level of Rs 91,400 crore for all of the previous financial year, an official said today.

Essar Oil completes exit from CDR

India's second-largest private sector refiner said the CDR loan facility has been replaced with a new debt facility of about Rs 9,100 crore on commercial terms from similar group of lenders.

Suzlon to sell $650 mn bonds overseas tomorrow as part of CDR

The money will not flow into the company kitty but to the 19 member consortium of domestic lenders, sources said.

Govt to go to the bottom of attempts to obtain CDR of Jaitley

Government said it would go to bottom of attempts to illegally obtain call details of BJP leader Arun Jaitley and would not point fingers at anyone at this juncture as investigation was still on.

Corporate debt restructuring cases cross 100-mark in 2012

A total of 101 cases have been referred for Corporate Debt Restructuring (CDR) in 2012 as on September 30, involving a collective debt amount of close to Rs 64,000 crore, as per the data available with the CDR cell of bankers.

Despite exit by small lenders, banks still prefer CDR cell

Despite some small private sector banks opting out of the corporate debt restructuring (CDR) cell, experts are of the opinion that most lenders will continue to be part of this forum as a consortium approach gives a lot of comfort over taking an individualistic route.

Bharati Shipyard promoters to infuse Rs 118 cr for CDR

The promoters of country's second largest private ship-builder Bharati Shipyard have agreed to infuse Rs 118 crore fresh capital into the debt-laden company, as a precondition for its Rs 5,800-crore debt restructuring plan, sources said.

Bihar govt concerned over alarming low CDR

Bihar got expressed conceren over the alarming low credit deposit ratio as
compared to the national average of 70 per cent and asked the banks to take effective steps for improving their CDR.

JSL to come out with rights or GDR issue soon: Ratan Jindal

Stainless steel major Jindal Stainless Limited is expected to come out with rights or GDR issue soon with a size range of Rs 300 to 500 crore, JSL`s Vice Chairman & Managing Director Ratan Jindal said here today.