State Bank of India filed an insolvency petition against Videocon. The TV maker filed an appeal to get back control, blamed India and Brazil for bad debt pile.
Proposed resolution plans must either bring value to the enterprise or a meaningful recovery for creditors, says Rajnish Kumar, chairman of State Bank of India, the country's largest lender.
The disproportionate concentration of bad loans in the government owned banking system has a major role to play in the crisis that India is presently facing.
The bank has asked the EC for details of parties eligible to receive funds. Finance ministry announces first issue of the scheme will be open from 1-10 March.
There’s a subtle radicalism in a name like Siraj being spoken with national pride. His success is read as proof that someone from a working-class, Pasmanda background can achieve this status.
One such website has drawn particular scrutiny for spreading fake stories that have upset not only the Indian but also foreign defence firms by falsely attributing misinformation.
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