The new RBI circular could spell trouble also for ICICI Bank, State Bank of India and IDBI Bank which have a significant outstanding loans to Jaypee Group. SBI alone has an exposure of Rs 7,000 crore, while that of ICICI Bank is estiatmed at Rs 6,000, according to analysts.
9.20 PM Apr 19th
(where Alchemist Asset Reconstruction Company Limited is a Trustee) and become the Secured Creditor of the Company as per the SARFAESI Act. Further, they have requested us to make all the correspondence with them in near future for the outstanding loan. This is hereby a disclosure under regulation
2.03 PM Apr 18th
edelweiss asset reconstruction, which currently owns more than 50% of bilt graphic s secured debt, is in talks with parent ballarpur industries ltd to restructure outstanding loans by extending the repayment period and to offer additional credit to help the papermaker tide over the current cash
3.39 PM Apr 10th
Bankers are set to write off loans worth Rs 5,200 crore to REI Agro, a wilful defaulter as the creditors invoke bankruptcy and insolvency law against the company. The Kolkata-based rice-exporting food company — which has an outstanding loan of about Rs 5,200 crore — has informed the stock
12.44 PM Mar 20th
Edelweiss ARC has acquired 70 per cent of the Rs 8,500 crore outstanding loan to Bharati Shipyard, a company founded in 1973 by P C Kapoor and Vijay Kumar, and has appointed Sameer Kaji as interim CEO with a mandate to turn around the troubled shipbuilder. "It is a challenge since there is lot
11.12 PM Mar 17th
, deteriorated further in February ahead of elections in Uttar Pradesh and Maharashtra. So far, outstanding loans to the tune of Rs 306 crore have seen no recovery in the last two months. The company s mag director and CEO of Bharat Financial MR Rao said given that elections were in its last leg, the intensity
7.16 PM Mar 6th
Jaiprakash Power said, "Subsequent to allotment of equity shares, these lenders shall collectively hold 51% of post issue equity share capital and accordingly the outstanding loan amount of the company would stand reduced by the equivalent amount i.e. Rs 3058 crore,"
1.43 PM Feb 20th