State Bank of India
Finance
Dewan Housing lenders may accept limited haircuts to finalise rescue package
Lenders to India’s Dewan Housing Finance Ltd (DHFL) are prepared to accept limited haircuts as part of a debt restructuring ......
Finance
Wilful defaults in India cross $21 bn in 2018-19
India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the ......
Manufacturing
UV ARC acquires cement maker's debt to expand mid-market operations
UV Asset Reconstruction Company Ltd is close to acquiring the entire debt of a distressed cement manufacturing company, as it ......
General
Stressed assets: NCLT gets more judges; Jet Airways finally lands into bankruptcy court
In a development that will help ease the burden of bankruptcy courts and expedite the resolution of distressed assets, the ......
Infrastructure
NCLT admits SBI's insolvency plea against Jet Airways
The National Company Law Tribunal (NCLT) on Thursday admitted an insolvency plea filed by State Bank of India (SBI) against ......
Infrastructure
Jet Airways' lenders to take grounded carrier to bankruptcy court
Jet Airways' creditors said on Monday they plan to begin insolvency proceedings against the Indian airline in a last-ditch bid to ......
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, ......
Healthcare
SBI-led lenders to Calyx Chemicals agree for 95% haircut in takeover bid
State Bank of India and other creditors to Calyx Chemicals & Pharmaceuticals Ltd will get less than 5% of their ......
Markets
Sensex ends in the red as financial stocks take a hit
Indian shares settled lower on Wednesday, dented by financial and material stocks such as State Bank of India and JSW ......
Markets
Sensex posts best week since November on euphoria over Modi victory
Indian shares jumped over 1.5% on Friday on hopes that Prime Minister Narendra Modi would pursue business-friendly policies following his ......
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