Sarfaesi

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).
Mar 19, 2015 at 13:17 | Source: CNBC-TV18
State Bank of India has mandated Knight Frank to sell property to an industrial house. SBI values the property at about Rs 95 crore. A total of 17 banks have exposure of Rs 7000 crore to KFA. SBI has an exposure of Rs 2000 crore.
Mar 11, 2015 at 15:40 | Source: Moneycontrol.com
Murli Industries Ltd has informed BSE that the Bank of Baroda (lead bank of the Consortium) has taken symbolic possession of Plants of the Company i.e. Solvent Extraction, Paper and Cement Plants situated at different places as per the provision of section 13(4) of the SARFAESI Act, 2002.
Mar 01, 2015 at 13:20 | Source: Moneycontrol.com
Ind-Ra believes looking beyond banks to encourage credit delivery is the right move by the government. The new Mudra Bank for refinancing microfinance institutions and including large NBFCs under the Sarfaesi Act are structural changes that will improve the viability of these growing intermediaries.
Feb 03, 2015 at 15:48 | Source: CNBC-TV18
Sanju Verma, CEO, Violet Arc Global believes no governor can tackle both inflation and exchange rate at the same time and Raghuram Rajan is trying to do just that. "If governor doesnt want the rupee to appreciate any further then he will have to allow inflation to rise or vice-versa."
Jan 05, 2015 at 18:50 | Source: PTI
The proposed debarment from raising funds through equity or debt markets, including by way of IPOs or FPOs, would apply to all individuals or companies declared as 'wilful defaulter'by RBI.
Nov 10, 2014 at 21:48 | Source: CNBC-TV18
While bad asset recovery norms are brought on par with banks, NBFCs should also be allowed recovery tools such as being brought under the SARFAESI Act or have access to the debt recovery tribunal, a top executive with an NBFC said, while commenting on the RBI's latest move to tighten norms.
Aug 07, 2014 at 17:13 | Source: CNBC-TV18
The RBI has asked the ARCs to be 15 percent upfront, many ARCs did not want to make any money out of those assets but just wanted the consulting fees which was a percentage of the value of the security receipts.
Jul 18, 2014 at 19:46 | Source: CNBC-TV18
The lenders clearly have their eyes set on the two of the most priced real estate assets of the Kingfisher group. One, of course being the Kingfisher house in Bombay and the other one being the Kingfisher Villa in Goa.
Jun 15, 2014 at 14:26 | Source: PTI
Industry body CII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs, slow loan growth and elevated funding costs amidst a stringent regulatory environment.
Messages on Sarfaesi »

hroshan75

Silver Member

4 Followers

Kingfisher Air  

before They Could do restructuring but nothing worked out. As of now around 1300 Crs has already been recovered in all Those months when SBI was Crying loud Via winding up petitions Via SARFAESI. Now, with more 2000 Crs expected To Get recovered what next in Store ? TDS and other issues

4.27 PM Jul 5th 2014

MMB Messenger

Platinum Member

313566 Followers

Other Market Topics  

Should NBFCs be brought under the SARFAESI Act?

2.26 PM Jun 15th 2014

stockguru6

New Member

9 Followers

Just Posted  

Oriental Bank of Commerce (OBC) has started the recovery process with respect to the Moser Baer dues of CMP: about Rs 430 crore and has also issued a notice to the company under the SARFAESI Act. Further, the bank plans P/E(ttm): to put Moser Baer’s assets on the block after 60-day waiting period

4.38 PM Jun 11th 2014

Neha-Diwan

Platinum Member

1611 Followers

Oriental Bank  

Oriental Bank of Commerce (OBC) has started the recovery process with respect to the Moser Baer dues of about Rs 430 crore and has also issued a notice to the company under the SARFAESI Act. Further, the bank plans to put Moser Baer’s assets on the block after 60-day waiting period if it fails

12.28 PM Jun 11th 2014

dev9939

Silver Member

177 Followers

Other Market Topics  

in Q1, see stable FY15 margin: Mindtree *OBC issues SARFAESI notice to Moser Baer over Rs 430cr dues *LIC hopes to retain market share of 82% this fiscal *LIC sees slide in new premium collection *Future lifestyle aquires 12% stake in Unico Retail *PE investments in India to reach $40 bn in 2025

7.35 PM Jun 10th 2014

dev9939

Silver Member

177 Followers

Other Market Topics  

in Q1, see stable FY15 margin: Mindtree *OBC issues SARFAESI notice to Moser Baer over Rs 430cr dues *LIC hopes to retain market share of 82% this fiscal *LIC sees slide in new premium collection *Future lifestyle aquires 12% stake in Unico Retail *PE investments in India to reach $40 bn in 2025

7.34 PM Jun 10th 2014

san_sanghav
i

Platinum Member

216 Followers

Moser Baer  

OBC issues SARFAESI notice to Moser Baer over Rs 430cr dues

6.39 PM Jun 10th 2014

deshat

Platinum Member

149 Followers

Kingfisher Air  

They Could do restructuring but nothing worked out. As of now around 1300 Crs has already been recovered in all Those months when SBI was Crying loud Via winding up petitions Via SARFAESI. Now, with more 2000 Crs expected To Get recovered what next in Store ? TDS and other issues are not That much important

8.42 PM Jun 7th 2014

deshat

Platinum Member

149 Followers

Kingfisher Air  

everyone Gives up. This is indeed an airline and I should say a Grounded one. Too many decisions/precautions/safety measures are being involved in making These airline fly aGain. Look at SBI Consortium. They have tried everything from Share Sale to HC/SC petitions from SARFAESI to Kfa House Possession

4.16 PM May 15th 2014

warmest

Platinum Member

192 Followers

Kingfisher Air  

What is the Sarfaesi Act? http://t.in.com/5HzC KFA (a borrower) has failed to repay it`s loans from banks and financial institutions and hence KFA`s properties have been annexed for auctioning. From all these can`t you understand that KFA is bankrupt

2.56 PM Apr 30th 2014

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