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A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch. | Photographer: Karen Dias | Bloomberg

Banks to get Rs 54,000 crore bonanza this month from bankruptcy recoveries

Banks are expected to benefit from bankruptcy recovery process from Essar Steel, Prayagraj Power Generation, Ruchi Soya and RattanIndia Power.
An Essar Steel factory in Surat, Gujarat | Commons

Common sense wins in Essar Steel bankruptcy case, eases private equity fears

Essar verdict will rekindle hope in integrity of India’s bankruptcy process, but it will take a lot more work to allay concerns about its effectiveness.
Signage for Essar Steel Ltd. is displayed as workers load items onto a truck at the company's Pune Facility in Maharashtra

SBI-led bank lenders warn of risks to India from Essar Steel sale approval

Banks are opposed to certain terms of the Essar Steel sale, which, they say, could lead to higher lending rates, further affecting India's credit woes.
(Photo for Representation)

SEBI, ED and CBDT – the new hurdles in Modi govt’s war on bad loans

A spate of legal challenges mounted by SEBI, ED & CBDT are derailing a 270-day resolution deadline set by the insolvency law.
Anil Ambani

How Anil Ambani’s bankrupt RCom got entangled in CJI Gogoi sexual harassment controversy

ThePrint traces the RCom-Ericsson saga as the case emerges as the pivot of one of the Supreme Court's biggest crises of faith.
A SBI branch in Mumbai | Dhiraj Singh/Bloomberg

Madam, don’t send us to court, firms keen to avoid bankruptcy law tell SBI

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for the country's business community.
RBI in Delhi

New bankruptcy law has instilled fear among debt holders: IBBI chairman Sahoo

Insolvency and Bankruptcy Board chief says firms facing bankruptcy have paid creditors Rs83,000 crore to avoid insolvency.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

A fifth of public sector banks’ assets may go bad in a year

This cycle is unlikely to start reversing till the new bankruptcy law grows up a little.

The government’s right to throw homebuyers a lifeline

The bankruptcy code has broken new ground by lifting homebuyers left without apartments by debt-stressed builders to the status of financial creditors.

$210 billion of Indian bad debt lures funds hunting for returns

Banking sector in India is coping with about $210 billion of problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.

On Camera

Doctors treat Covid-19 patients in an intensive care unit at a Hospital in Rome, Italy | Bloomberg

Why coronavirus treatments shouldn’t take back seat to vaccines

Everything would have to go right to get a vaccine this year, but several types of treatments may be able to help patients in a matter of months.

Can schools & students be trusted with Covid norms or should classes begin as curve flattens?

Over two lakh parents across India have opposed the Ministry of Home Affairs’ plan to reopen schools in July.


Union Defence Minister Rajnath Singh | Photo: ANI

Chinese troops present in sizeable numbers at LAC, India has done what’s needed: Rajnath

Defence Minister says India and China perceive LAC differently, leading to regular jostling; Beijing ‘should seriously deliberate’ and resolve the issue amicably.

The Chinese are so predictable, Modi & Shah should’ve seen them coming on 5 August 2019

India should’ve anticipated the Chinese appearance in Ladakh, even the timing of it, when the status of Jammu & Kashmir was changed.