Claims worth Rs 3.13 lakh cr under insolvency proceedings

The Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for......

Road sector alone saved Rs 3 trillion worth of loans: Gadkari

Gadkari, who handles key infrastructure-related portfolios, said there is no problem with the road sector at present and money is not an issue anymore. As banks work overtime to resolve dud loans......

Why Apollo Global is lending to stressed cos in India

The year 2013 was a dream run for US-based Apollo Global Management. The fund made a killing when it sold its stake in chemical firm LyondellBasell – earning close to a billion dollars for......

Pledged shares haunt promoters

Pradeep Jain, chairman of Delhi-based Parsvnath Developers, must be a worried man. Share prices of his firm have halved in the past five sessions, wiping off Rs 750 crore (Rs 7.5 billion) of its......