SBI will auction two non-performing accounts (NPAs) next month to recover dues of over Rs 313 crore, according to a notice by the lender. The two accounts to be put up for e-auction on August 6 are Bhadreshwar Vidyut Pvt Ltd (BVPL) with a loan outstanding of Rs 262.73 crore and GOL Offshore Ltd with Rs 50.75 crore dues. "In terms of the bank's policy on sale on financial assets, in line with the regulatory guidelines, we place these accounts for sale to ARCs/banks/NBFCs/FIs, on the terms and conditions indicated there against," SBI said in the notice. The reserve price for the auction of Bhadreshwar Vidyut is set at Rs 100.12 crore and for GOL Offshore at Rs 51 crore.
IMAGES from football matches played across leagues in Europe on Sunday.
Neeraj ran in fast, did the crossover. The javelin flew out of his hands and he did not look towards the sector. He just knew he had bettered the first attempt. The moment the javelin left his hand, he knew he had done it.
There's too much going on in Anek, and a lot of it is terribly disjointed, complains Sukanya Verma.
A screenplay and superstar in perfect tandem, it doesn't get better than this, applauds Sukanya Verma.
At 64, the woman who will be India's 15th president, taking over from Ram Nath Kovind, will also be the youngest and India's first President to be born after Independence.
Pinch your nerves, and trust the ghoul -- blood will be spilled; women, children, and grouchy old men will be dismembered! observes Sreehari Nair.
Rup Narayan Das reveals the towering Odisha leader's role in improving national security after the 1962 War with China.
Images from the Indian Premier League match between Chennai Super Kings and Rajasthan Royals, in Abu Dhabi, on Saturday.
PSG made hard work of beating Strasbourg 4-2 in the French Ligue 1, while Real Madrid registered a comfortable 4-1 win away to Alaves in their opening game.
The Union Budget 2016-17 has cheered the NBFC sector
Real Madrid's miserable run of results continued as they slid to a shock 1-0 La Liga defeat at Alaves by conceding a goal deep in stoppage time on Saturday, marking their longest run without scoring in over 33 years.
I binged on various shows this year -- some for work, some for pleasure, few I couldn't spare time for, others I didn't have access to while some started out fabulously only to fizzle towards the end.
Goodbye makes ordinary places, ordinary people and ordinary events become interesting, observes Mayur Sanap.
This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.
Villarreal's struggles in the Spanish league continued with a 2-1 loss at Athletic Bilbao, with striker Gerard Moreno not finishing the game because of an injury.
Director Rahul Nair's gabby comedy looks at the difficulty of dating in the digital age in a manner that's equal parts shallow and silly, notes Sukanya Verma.
With the State Bank of India moving the National Company Law Tribunal's Delhi bench to enforce the personal guarantees of Ambani, it will delay the recovery of dues by the Chinese banks which won a UK court order in May this year.
The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite.
Shashi Kapoor and Ramesh Sippy's grandson is all set to make his movie debut.
The Real Madrid striker is accused of complicity in the alleged targeting of midfielder Mathieu Valbuena, who plays for the Greek Super League club Olympiacos. Prosecutors allege that Benzema encouraged Valbuena, 37, to pay the blackmailers.
Hold your breath as Rediff.com brings to you some of the picturesque places that the cyclists race through at the Tour.
Two things keep Shabaash Mithu relevant: Taapsee Pannu and the sheer grit of the Mithali Raj story, observes Deepti Patwardhan.
'Alia's chemistry with Shefali was great, and you can't rehearse chemistry.'
A slight kink in India opener Prithvi Shaw's backlift technique is responsible for his struggles in the Test series in Australia, says batting great Sachin Tendulkar.
Between bad writing, hysterical acting and a shoddy blend of CGI and the real deal, Haathi Mere Saathi completely neglects the message of saving our elephants, feels Sukanya Verma.
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings. The board of Sebi, which met on Tuesday, also gave its nod for amending Foreign Portfolio Investor (FPI) regulations and introducing a provision for appointment or re-appointment of any person, including as a managing director or a whole time director or a manager, who was earlier rejected by the shareholders at a general meeting. Once the amended norms are in place, such appointments or re-appointments can only be done with the prior approval of the shareholders.
Bankers say there is palpable fear among erring promoters that the banking system just cannot be taken for granted, and any delay in loan repayment could mean promoters losing business
The central bank has ordered lenders to clean up balance sheets by March 2017
IMAGES from the IPL match between Rajasthan Royals and Mumbai Indians in Navi Mumbai on Saturday.
Lorenzo Insigne curled a quite wonderful shot beyond the reach of Belgium goal-keeper Thibaut Courtois after jinking in from the left flank.
Sushmita Sen's combination of blazing authority and maternal anxiety are perfectly cast as a woman thrown in the centre of chaos in Aarya 2, observes Sukanya Verma.
Mayank Agarwal knows that he could be confined to the sidelines once K L Rahul and Rohit Sharma are back in the mix, but what has helped him stay focussed is words of wisdom from coach Rahul Dravid, who told him to control what's in his domain.
This poorly paced movie is too dull to be a drama and shows no signs (or intrigue) of a thriller, observes Sukanya Verma.
Pellissery's women continue to express the beauty in our common humanity. And often, these women go so far into expressing our hopes, desires, absurdities and follies that they end up acting at variance with the ethical prescriptions of our age. And this, I believe, is precisely why they remain "invisible" to a whole bunch of viewers, says Sreehari Nair.
As much as we enjoy and write reams and reams about our amazement at the Kantara climax, 30 years on from now, will we remember these portions more fondly or the ones where Shiva is simply hanging out with his friends, mulls Rohit Sathish Nair.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
