PNB
Finance
PNB Housing settles Carlyle open offer case with regulator
PNB Housing Finance Ltd and 11 directors of the company have settled the Carlyle Group open offer case with the ......
Finance
State-owned banks identify $12 bn NPAs to be transferred to bad bank
Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (approximately $12.2 billion) ......
Finance
Punjab National Bank to buy stake in bad bank
Government-owned Punjab National Bank (PNB) on Saturday said it will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company ......
Manufacturing
Chennai steel maker to buy rival under Insolvency and Bankruptcy Code
A Tamil Nadu-based steel manufacturer is set to acquire bankrupt steelmaker Kamachi Industries beating three other applicants under the Insolvency ......
Finance
PNB expects recoveries worth $1 bn in three months' time
State-owned Punjab National Bank (PNB) is expecting recoveries worth Rs 8,000 crore ($1.05 billion at current exchange rate) from large ......
Finance
Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers
A steel firm backed by Centrum Group’s microlender Altura and Anand Rathi Group’s NBFC arm has roped in a foreign ......
General
Grapevine: Jindal India Thermal Power's lenders reject promoters' resolution offer
Jindal India Thermal Power’s 17-member lenders’ consortium has rejected the promoters debt resolution offer that proposes to pay Rs 2,450 ......
Manufacturing
Kotak stressed assets fund pulls Jindal Stainless out of debt rejig
The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore ($69 million) investment ......
Manufacturing
Kotak's stressed assets fund inks debut deal
The distressed assets fund of Kotak Investment Advisors has marked its debut deal, an executive told VCCircle, with a transaction ......
General
Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus
The total number of cases that have ended with the order of liquidation stand at 378 as on 31 March, ......
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