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Sarfaesi Act

Sep 18, 2016 at 14:32 | Source: PTI
Domestic rating agency Icra has saidthe decision to extend provisions of the Sarfaesi Act to loansgiven by non-banking finance companies will help bring downdelinquencies and may result in cheaper funds for borrowers.
Aug 09, 2016 at 20:10 | Source: PTI
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, will not, however, apply to loans for agricultural land as well as student loans.
Jul 31, 2016 at 15:39 | Source: PTI
Introduced in the Lok Sabha in May, the bill seeks to amend four legislations -- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamp Act, 1899 and the Depositories Act, 1996.
May 13, 2016 at 20:08 | Source: PTI
Lenders to the grounded Kingfisher Airlines on May 13 started the process to take physical possession of Kingfisher Villa, which was pledged by beleagueredbusinessman Vijay Mallya to the bankers as collateral for over Rs 7,800-crore loan
May 09, 2016 at 19:49 | Source: CNBC-TV18
Is the Insolvency and Bankruptcy Bill the nirvana which banks in India have been waiting for? Not in the next two years is the short answer, and may be not even be in the long-term unless there is an unprecedented zeal to implement it, says CNBC-TV18's Latha Venkatesh.
Apr 26, 2016 at 14:01 | Source: CNBC-TV18
Government amendments in these two acts will improve the recovery climate in the country, says HR Khan, Deputy Governor of The Reserve Bank of India.
Mar 16, 2016 at 16:46 | Source: CNBC-TV18
The Kingfisher House in Mumbai that was seized by the consortium of lenders, headed by State Bank of India last year, will be auctioned on March 17. It will through an e-auction.
Mar 06, 2016 at 10:06 | Source: PTI
An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun Jaitley said.
Feb 13, 2016 at 12:50 | Source: PTI
The e-auction will be done under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.
Aug 07, 2015 at 11:12 | Source: CNBC-TV18
The bank has identified 2500 properties to be auctioned under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).
Messages on Sarfaesi Act »

Wire News

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News Now  

Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers.

2.32 PM Sep 18th

ramc23

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561 Followers

Force Motors  

, NPA Recovery, Sarfaesi act implementation, Work till day-end, Training programs, Term work, Pass book printing, Issuing debit cards/ cheque books, DD challans, Remedial classes, Deputation to rural branches, Discipline, Account openings(only thru HEKYC) advertising bank schemes and PM

5.52 PM Sep 9th

SHALLUGAURA
V

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336 Followers

Servalakshmi  

Lagta hai, SARFAESI ACT kaam kar raha hai. log dandae kae bina kaam hee nahi kar saktae.

11.58 PM Aug 31st

raja11115

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83 Followers

Dr Datson Labs  

mortgaged. Since the Company defaulted in making payments of its dues, a notice under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, the “SARFAESI Act”), was issued to the Respondent Company on 13th November, 2013

6.23 PM Aug 29th

Web Messenger

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SREI Infra  

Source:Business Standard - Srei Infrastructure today said it is seeking modifications in the Usha Thorat committee report draft guidelines on non-banking finance companies ( NBFC) and asked for extension of the benefits of SARFAESI Act to the sector for a level playing field vis-a-vis banks. We ask

3.13 PM Jan 25th 2013

gajabhau

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441 Followers

Concurrent  

Director of the Company, was authorised, on behalf of the Board, to take appropriate steps in view of the notice u/s 13(2) of SARFAESI Act, 2002 received by the Company from the Bankers of the Company -State Bank of India, Commercial Branch, Pune. 2. The resignation of Mrs. Vaishaii Patrikar, Secretary

8.29 PM Jan 23rd 2013

vktamu

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4 Followers

Kingfisher Air  

Ordinary people are under SARFAESI Act but KFA is exempted from the said Act and getting bailout and restructuring loan benefits why?

10.00 AM Nov 29th 2012

atul30

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105 Followers

DeccanChronicle  

of the CDR cell. The bigger banks believe that it might be a better idea to simply sell off the assets and paper rather than recast the loan. As such, the consortium of lenders will now focus on using the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI

1.19 PM Nov 23rd 2012

ifci_follow
er

Gold Member

9 Followers

Kingfisher Air  

i believe BIFR is not possible as SARFAESI act wont allow it. but do not worry about all this mallya is king now on good times. see what happened to USL from 600 six months ago to 1900 now. selling rate of 1440 but the stock is not stopping. What the company result was recently but see how

5.51 PM Nov 17th 2012

kranti_21ce
ntury

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27 Followers

Moser Baer  

(SARFAESI) Act of 2001-02 placed corporate debt outside the purview of the BIFR.[4] By preventing reference to the BIFR, which had become a haven for the promoters of sick companies, the act gives banks and financial institutions a better tool for recovering bad debt. It was complemented by the corporate

9.11 PM Nov 15th 2012

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