November 03, 2014 05:02 PM IST Bank of India has posted a 26.4 percent increase in its net profit on year-on-year basis to Rs 786 crore against Rs 621.77 crore led by fall in provisions and higher net interest income.
October 09, 2014 12:54 PM IST The exercise will cost around Rs 30 crore and will have a payback of two years. The one time impact will be reflected in the company's Q2 results, it said.
September 04, 2014 12:31 PM IST The bank has seen atleast four CDR cases- Bharti Shipyard, Hotel Leela, Electrotherm, SBQ Steel- failing in the first five years of FY15.
August 25, 2014 10:40 AM IST KK Mohanty, MD, Gammon Infra says the share transfer is a part of a restructuring exercise. He says all asset-based investments are being transferred into a single entity, while Gammon India will remain the EPC arm of Gammon Group.
August 23, 2014 08:33 PM IST The myriad articles accusing RBI governor Raghuram Rajan of bringing his school fellow and friend Nachiket Mor into the RBI as its Deputy governor or COO are outright lies.
January 30, 2014 08:38 PM IST With the slowdown of the Indian economy, a number of companies/projects are under stress. As a result, the Indian banking system has seen increase in NPAs and restructured accounts during the recent years.
January 29, 2014 08:36 PM IST The recommendations, when approved by the finance minister, may offer some respite to struggling infrastructure companies that had been requesting for easier payments terms in the face of the economic slowdown and high interest rates.
January 16, 2014 02:48 PM IST A CNBC-TV18 poll of analysts expects the company to notch up operating profits to rise 5.7 percent to Rs 2,393 crore compared to Rs 2,264 crore in the previous quarter. Revenues are expected to go up to Rs 10,332 crore versus Rs 10,068 crore, an increase of 2.6 percent.
December 31, 2013 12:13 PM IST In an interview with CNBC-TV18, V Srinivasan, ED - Corporate Banking, Axis Bank, spoke about how the bank does not see the need to raise additional capital, why it is too soon to say “worst is over†for non-performing assets and how much restructuring he sees for infrastructure loans.
December 12, 2013 11:13 AM IST After media reports suggested that the UP State Electricity Board (SEB) had recast its loans, CNBC-TV18 spoke with Oriental Bank of Commerce Chairman SL Bansal -- one of the bankers who is part of the consortium -- who confirmed the news.
December 12, 2013 09:37 AM IST A company executive was quoted as saying the approval of the debt restructuring would ease liquidity and help restart its stalled engineering, procurement and construction business.
October 09, 2013 08:00 PM IST Government sources say that the board of Financial Technologies will be restructured as it suspects something fishy in its activities.
September 19, 2013 09:31 PM IST Tata Steel India and South East Asia MD HM Nerurkar stepped down from the board of Tata Steel. TV Narendran will succeed him and will be effective from November 1, 2013.
July 27, 2013 05:47 PM IST Ambuja Cements managing director Onne Van Der Weijde, in an interview to CNBC-TV18, explains that a restructuring of operations is more cost-effective and offers more synergies. He adds that deployment of cash does not deplete Ambuja‘s cash reserves significantly and would still allow for acquistions and expansion.
July 27, 2013 01:00 PM IST Our top story this week is about a complex restructuring scheme that could put minority shareholders at a disadvantage. I‘m talking the Ambuja scheme!
July 13, 2013 04:10 PM IST Find out the faces in Microsoft Corporation after the company went a reorganisation on Thursday. This is one of the most sweeping restructuring in a corporate firm since 2008.
July 11, 2013 07:46 PM IST The board of drug maker Elder Pharmaceuticals approved the restructuring of the company's business by raising capital, hiving off assets or through strategic options to reduce debt.
May 31, 2013 11:52 AM IST The government says American has the equivalent of 5,500 fewer full-time workers than a year ago.
May 30, 2013 10:34 PM IST RBI increased the provision on new restructured standard loans to 5 percent with effect from June 1, 2013 as against the existing 2.75 percent. For the stock of same accounts as on March 31, 2013; it will be in a phased manner by March 31, 2016. Standard loan accounts cannot retain its standard status after restructuring from April 1, 2015.
May 30, 2013 08:55 PM IST The Reserve Bank of India has tightened rules for restructuring of most types of assets to bring them in line with global practices, saying that existing "regulatory forbearance" will be removed from April 1, 2015.
May 13, 2013 06:09 PM IST Bank of Baroda will refocus growth in 2013-14. In the last few quarters, it concentrated on credit quality. The lender plans to grow its loans and deposits by 2 - 4 percent higher than the industry average in FY14.
May 10, 2013 09:30 AM IST Devesh Kumar of CIMB feels that there could be some policy action from the government now that the Parliament has been adjourned. He feels most of the key policy decisions were taken when the Parliament was not in session. He also believes that the current rally in the market is due to the foreign fund flows.
May 03, 2013 10:06 PM IST Worried over the rising instances of loan restructuring, which hit a record high last fiscal, the Reserve Bank of India (RBI) on Friday said it will issue final guidelines on the prudential norms on restructuring of advances by lenders by the end of the month.
May 02, 2013 05:43 PM IST Retailer Shoppers Stop will reduce the store size of its Crossword bookstore chain and now focus more on stationery and toys as sale of books and music and movie cds and dvds slows. It will also review its non-profitable stores.
April 26, 2013 05:27 PM IST India‘s largest private sector bank, ICICI Bank Q4 net jumps 21 percent to Rs 2304 cr , yet stock saw a surprise fall of about 3 percent. Rajiv Mehta, banking analyst, IIFL feels that a slightly increase in restructuring of assets led to the stock correction.
