The Ruias have got backing of JSW Steel Chairman and Managing Director Sajjan Jindal, and there is a possible financial support coming from Russia’s VTB Bank in their bid to retain Essar Steel, their crown jewel.
Banks are close to restructuring the Rs 22,000-crore outstanding debt at Jaiprakash Power Ventures (JPVL) by finding a buyer for the cement grinding unit and transmission line, aiming to bring down the loans at the struggling power
The possibilities of further delays in debt resolution under the Insolvency and Bankruptcy Code (IBC) and the need to free up capital is being cited as among the reasons for the State Bank of India’s (SBI)
In line with its ambitious target of achieving 100 percent carbon neutrality by 2030, the State Bank of India (SBI), India’s largest commercial bank, has invited Expression of Interest (EoI) for the procurement of 3-5 MW
SBI, Axis Bank and IndusInd Bank have emerged three key bidders for IL&FS Securities Services (ISSL) and ISSL Settlement & Transaction Services — the twin capital market arms of the beleaguered infrastructure and financing group.
Banks are once again trying to make use of the small window of opportunity to resolve certain accounts facing insolvency proceedings ahead of the Supreme Court hearing on the RBI’s February 12 circular later this week.
India’s state-owned power generator, NTPC, today said it has signed a term loan agreement of Rs 5,000 crore with the State Bank of India (SBI). “This loan has a door-to-door tenure of 12 years and will be utilised to part finance the capital expenditure
The country’s largest lender State Bank of India will sell eight non-performing assets to recover dues worth over Rs 3,900 crore and has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs).