News for 'debt recovery'

Rupee slide to impact Indian Oil, Bharat Petroleum most: Fitch

Rupee slide to impact Indian Oil, Bharat Petroleum most: Fitch

Rediff.com29 Aug 2013

The rated oil and gas companies, Fitch said, have a significant proportion of foreign currency-denominated debt.

Yes Bank's insolvency may widen economic pain: S&P

Yes Bank's insolvency may widen economic pain: S&P

Rediff.com9 Mar 2020

SBI's ownership should give confidence to depositors and lenders about the bank's solvency.

Planning to invest directly in equities? Read this!

Planning to invest directly in equities? Read this!

Rediff.com8 Jan 2021

Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.

Rajan says taking steps to 'firewall' the economy

Rajan says taking steps to 'firewall' the economy

Rediff.com13 May 2016

In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high

Sensex slips 467 pts as Eurozone crisis takes toll

Sensex slips 467 pts as Eurozone crisis takes toll

Rediff.com19 May 2010

The situation on the bourses seems to be getting gloomier with every hour. Just when it seemed that we were over with the day's selling activity and the Nifty seemed to be stabilising around the 5000 level came the clincher in the form of the European markets.

'Diesel deregulation, gas price to have positive impact on oil cos'

'Diesel deregulation, gas price to have positive impact on oil cos'

Rediff.com17 Dec 2014

Expecting oil prices to remain under pressure, Fitch Ratings said deregulation of diesel prices in October will help in lowering the under-recoveries (which is nothing but international petroleum prices minus the subsidised retail rates).

Finally, domestic banks see light amid NPA gloom

Finally, domestic banks see light amid NPA gloom

Rediff.com20 Aug 2018

After showing a consistent rise in the previous 4 quarters, gross NPAs of 40 listed bank declined to Rs 10.03 trillion at the end of June 2018, from Rs 10.25 trillion in the previous quarter.

Should India allow foreign money to finance deficit?

Should India allow foreign money to finance deficit?

Rediff.com26 Feb 2020

'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.

IMF pegs GDP at 5.5%; warns of high deficit

IMF pegs GDP at 5.5%; warns of high deficit

Rediff.com25 Aug 2003

International Monetary Fund has warned that large fiscal deficit and public debt was hampering India's economic growth, which is slated to go up by 1.0 per cent to 5.5 per cent this fiscal in the face of good monsoon.

Cheaper crude only silver lining for country, say analysts

Cheaper crude only silver lining for country, say analysts

Rediff.com24 Jun 2016

India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.

Green shoots are mechanical rebound, don't read much into it: Subbarao

Green shoots are mechanical rebound, don't read much into it: Subbarao

Rediff.com24 Aug 2020

Subbarao said, short-term as well as medium-term prospects or Indian economy continue to be grim. Fiscal deficit is going to be much higher, the debt burden much larger and the financial sector will be in a worse shape.

2018-19 promises good growth for India

2018-19 promises good growth for India

Rediff.com7 May 2018

'Clearly, the financial system is a drag on the economy and underlines the need for improving banking practice, regulation and oversight.' 'Without that, and an end to the cronyism that caused part of the problem, one can kiss goodbye to 8% growth,' warns T N Ninan.

Revealed: Why Urjit Patel quit as RBI governor

Revealed: Why Urjit Patel quit as RBI governor

Rediff.com25 Jul 2020

Patel, who headed the RBI from September 2016 till his sudden resignation in December 2018, says in his book thta the government seemed to lose enthusiasm for the new bankruptcy law in the middle of the year he left the central bank. Though Patel does not name anybody in the book, the mid-2018 period he refers to is the time when Piyush Goyal held temporary charge of the finance ministry between May and August.

Modi slays it at QUAD with few words

Modi slays it at QUAD with few words

Rediff.com17 Mar 2021

Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.

The G-20 declaration and India

The G-20 declaration and India

Rediff.com28 Jun 2010

The G-20 countries on Monday called for striking a balance between stimulus measures to sustain economic expansion and reducing fiscal deficit to tackle the mess of government finances.

Bianchi out of artificial coma, say family

Bianchi out of artificial coma, say family

Rediff.com19 Nov 2014

Critically injured French Formula One driver Jules Bianchi is no longer in an artificial coma but remains unconscious, his family said in a statement on Wednesday.

UK PM Boris Johnson recuperates at country home with fiancee

UK PM Boris Johnson recuperates at country home with fiancee

Rediff.com13 Apr 2020

Downing Street has said that the prime minister would not be returning to work immediately and will be based at the sprawling 1,000-acre estate in Buckinghamshire, south-east England, for a recovery period on medical advice.

Pay your share! Rajan's quickfix formula to hook freeloaders

Pay your share! Rajan's quickfix formula to hook freeloaders

Rediff.com11 Jun 2015

RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.

Euro zone: Growth slips; GDP expands 0.1%

Euro zone: Growth slips; GDP expands 0.1%

Rediff.com12 Feb 2010

Signalling that the region's economic recovery is weak, the December quarter figures also come at a time when the euro area is grappling with spiraling debt crisis in Greece. In the third quarter of 2009, euro zone GDP rose 0.4 per cent.

5,275 wilful defaulters (+ Mallya) owe banks Rs 56,621 crore

5,275 wilful defaulters (+ Mallya) owe banks Rs 56,621 crore

Rediff.com18 Mar 2016

India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles

Large infrastructure cos face tough time as cash flows dries up

Large infrastructure cos face tough time as cash flows dries up

Rediff.com9 Jul 2015

Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS

Apparel exporters worried over CIT bankruptcy

Apparel exporters worried over CIT bankruptcy

Rediff.com4 Nov 2009

Just as India's apparel exporters were beginning to return on the recovery path after a year marked by recession in the US and Europe, the recent bankruptcy filing by the New York-based CIT Group could hit the sector hard.

Want to know what India's top bankers are up to?

Want to know what India's top bankers are up to?

Rediff.com30 Jun 2020

The bosses of SBI, Union Bank and Central Bank have been driving down to their offices everyday to take stock of the biggest loan drive ever undertaken for MSMEs, discovers Tamal Bandyopadhyay.

Raghuram Rajan's 'surgery' uncovers more bad loans

Raghuram Rajan's 'surgery' uncovers more bad loans

Rediff.com26 May 2016

Raghuram Rajan's 'surgery' uncovers more bad loans

FII pull outs sway rupee with dollar

FII pull outs sway rupee with dollar

Rediff.com11 Jun 2013

Significant investors in government bonds FIIs have been net sellers since May 22.

Why has SBI's stock risen 127.46%?

Why has SBI's stock risen 127.46%?

Rediff.com16 Jun 2021

Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.

Why Modi sarkar must first push reforms in NDA-ruled states

Why Modi sarkar must first push reforms in NDA-ruled states

Rediff.com21 Aug 2015

The better performing states throw up more employment opportunities including at unskilled levels.

A good Budget, Mr Jaitley!

A good Budget, Mr Jaitley!

Rediff.com10 Mar 2016

'On the tax front, most of the Budget proposals are sensible'.

Lessons to revive the public sector banks

Lessons to revive the public sector banks

Rediff.com2 Mar 2016

The need to allow government shareholding in public sector banks to come down below 51 per cent

Vijay Mallya drops out of India's 100 richest club

Vijay Mallya drops out of India's 100 richest club

Rediff.com25 Sep 2014

UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.

A case against merging appellate tribunals

A case against merging appellate tribunals

Rediff.com3 Apr 2017

Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase

RBI tightens norms for sale of NPAs

RBI tightens norms for sale of NPAs

Rediff.com4 Oct 2007

While selling NPAs, banks are also directed to work out the net present value of estimated cash flows in case of realisation of these assets. The sale price should generally not be lower than the net present value, RBI said.

RBI to get rates panel in policy shift

RBI to get rates panel in policy shift

Rediff.com11 May 2016

Three members will be representatives from the government, and three from the RBI.

NBFC cash crunch worsens

NBFC cash crunch worsens

Rediff.com21 Jun 2019

NBFCs are mainly dependent on funding their operation from their own cash flows.

FinMin directs banks to deal firmly with fraud, wilful default

FinMin directs banks to deal firmly with fraud, wilful default

Rediff.com27 Apr 2014

Banks recovered Rs 18,933 crore (Rs 189.33 billion) worth of bad loans during the April-December period.

'Surprise rate cut by RBI is just a start but we need more'

'Surprise rate cut by RBI is just a start but we need more'

Rediff.com16 Jan 2015

Finance Minister Arun Jaitley last month pointed to the high cost of capital for India's businesses as a key factor behind a manufacturing slowdown.

Kingfisher's lenders take possession of company's Mumbai HQ

Kingfisher's lenders take possession of company's Mumbai HQ

Rediff.com12 Aug 2013

The lenders have not ruled out selling the property to recover part of their loans to the company.

Govt says 'learn to live with virus' as COVID-19 tally nears 60K

Govt says 'learn to live with virus' as COVID-19 tally nears 60K

Rediff.com8 May 2020

If the precautions are not taken and guidelines are not followed properly, there can be chances of spike in cases, the government said.

Gold ETFs see third straight outflow in FY16 at Rs 903 cr

Gold ETFs see third straight outflow in FY16 at Rs 903 cr

Rediff.com10 Apr 2016

In 2013-14, the funds witnessed outflow of Rs 2,293 crore

Bidders for stressed assets seek level playing field

Bidders for stressed assets seek level playing field

Rediff.com16 Feb 2018

The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests.