As per the latest data of the Reserve Bank, the credit card outstanding has recorded a growth of over 20 per cent in the 10 months of the current fiscal.
Vodafone Idea owes Rs 7,000 crore to Indus Towers and had agreed to pay the dues by July 2023
In an interview to CNBC-TV18, ABL Srivastava, director - finance, NHPC says the situation of outstanding has bettered though the entire outstanding has not been liquidated yet.
The Uttar Pradesh (UP) discoms, Deepak Amitabh, chairman and managing director, PTC India, further added, are also planning to clear all the surcharges.
The process of identifying Vijay Mallya's properties has begun and banks may be able to recover part of the Rs 7,000 crore outstanding debt of Kingfisher Airlines. There is one that has been identified in Sardar Patel Marg in Delhi, the other in South Extension in Delhi and the banks hope to get a significant chunk of this.
After it slapped legal notice to their defaulter, Bilcare, Deepak Narang, executive director, United Bank of India says recovery is not an issue. Narang says the bank has fixed assets as collaterals against the defaulted loans and their value is more than the outstanding loans.
Kingfisher Airline's operations were shrouded in mystery today, as the employees claimed they were on strike, while the management claimed that it was business as usual, reports Sunanda Jayasheelan of CNBC-TV18.
Pidilite industries is in the limelight regarding the announcement of a Foreign Currency Convertible Bond issuance to an investor. Sandeep Batra, CFO joins CNBC-TV18 to detail the company move.