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Essar Steel, Bhushan Steel, Bhushan Steel and Power, Electrosteel Steel, Lanco Infratech, Alok Industries, Jyoti Structures and Jaypee Infratech are among the big names that are facing NCLT cases."The banks that find it tough to recover loans from borrowers can refer such cases to the NCLT as part of wood screws wholesale insolvency proceedings.The Reserve Bank of India (RBI) has identified 12 large NPA accounts constituting 25 per cent or about Rs 2 lakh crore of the total pie.The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).
The NCLT cannot be the solution for all cases.Indicating that one size fits all approach may not work in all cases, he said that basically, the NCLT (National Company Law Tribunal) is one of the resolution mechanisms.. A number of banks, including State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda and IDBI Bank, have initiated proceedings against defaulters by moving the NCLT to recover their dues.New Delhi: SBI Managing Director P K Gupta on Friday said banks should use the best available mechanism to recover bad loans and the NCLT route cannot be used effectively in all NPA cases."A lot of resolution mechanisms already are there -- the RBI scheme, an oversight committee," Gupta told reporters on the sidelines of a conference organised by the PFRDA here."The banks have to use what is the best mechanism in each particular case
نوشته شده در جمعه ۲۶ دی ۱۳۹۹ساعت 8:55
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The company also recently launched an innovative home automation series, the i-Touch Wi-Fi Switches and the smarti-Dock music player for charging iPhones and listening to music on the phone.end-ofTags: ola led lights.Goldmedal Electricals has launched the OLA Detachable LED light in the lighting segment.Goldmedal’s OLA LED Light is a smart option that can be easily fitted or removed from its housing with a gentle push or twist depending on the light’s shape.LED light is available at all major retail outlets at a starting price of Rs 560. Goldmedal offers variety of modular switches and accessories, home automation systems, luminaries & LED lights, wires and cables, doorbells, PVC pipes, DBs, MCBs & others.
5 KVSquare and round shape options in matte white coloratt variantsABS housing and polycarbonate anti-glare diffuserLED lighting has become the de facto choice of lighting in most Indian homes and offices today because of the multiple benefits associated with it – power saving, heat reduction & lower electricity bills. Designed with an integrated driver, the OLA is an energy saving and eco-friendly LED that is available in different watt variants. As one of the leading players in the LED lighting industry, Goldmedal has been instrumental in introducing an innovative range of LED lighting in the market.
OLA is an extremely user-friendly LED and takes away the hassles associated with fixing and removing LED lights. Goldmedal’s OLA LED light is available at all major retail outlets at a starting price of Rs 560.OLA also offers features like:High lumens with up to 90 lumens per wattSurge protection up to 2.With this launch, Goldmedalis offering the best LED lighting technology for indoors with both practical and decorative use.LEDs are being led vapor tight fixture manufacturers used increasingly for power saving, heat reduction & lower electricity bills.While the round light can be fixed or removed by gently twisting it, the square LED can be attached or detached by gently pushing it into its housing
نوشته شده در جمعه ۲۶ دی ۱۳۹۹ساعت 8:10
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Tata Sons owned 29.Tata Motors shares closed at 455.It cited "restructuring of investment portfolio" as the reason for the planned deal..75 percent of Tata Steel at the end of March, while Tata Motors owned a 0.9 percent in the vehicle maker.Tata Sons will buy about 83.Tata Sons owned 28.New Delhi: Tata Sons Ltd, the holding company of Indias salt-to-software Tata conglomerate, plans to buy out Tata Steel Ltds stake in Tata Motors square head wood screw Ltd on or after June 23, it said in a regulatory filing on Saturday.
46 percent stake in the steelmaker, according to stock exchange data.6 million shares in Tata Motors at or around the prevailing price of the stock on the date of the planned acquisition, it said in the filing.71 percent of Tata Motors at the end of March, while Tata Steel owned 2.75 rupees in Mumbai trading on Friday.The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016 (IBC), which provides for these companies to be referred for liquidation. That would mean banks will have to increase provisioning by another 25 per cent this fiscal, compared with nine per cent in the last fiscal."
Crisil senior director Krishnan Sitaraman said.The SBI, which is the lead banker to six of these 12 accounts, has already referred Bhushan Steel, Essar Steel and Electrosteel Steels to the NCLT, while PNB has sent Bhushan Power to the same body last week. It said that the banks have already provisioned 40 per cent for these accounts worth Rs 2 trillion, which is equal to a quarter of the total NPAs in the system. "Also, it sends a strong signal to borrowers to adhere to credit discipline and also encourages banks to break resolution deadlocks with definite timelines," he said
نوشته شده در جمعه ۲۶ دی ۱۳۹۹ساعت 7:28
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» State Industrial Development Prporation (جمعه ۱۰ بهمن ۱۳۹۹ | ۰۷:۲۶)
» A Worst Case Scenario (چهارشنبه ۰۱ بهمن ۱۳۹۹ | ۰۹:۳۸)
» Effectively In All NPA Cases (جمعه ۲۶ دی ۱۳۹۹ | ۰۸:۵۵)
» Available In Different Watt Variants (جمعه ۲۶ دی ۱۳۹۹ | ۰۸:۱۰)
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|تمامی حقوق مادی و معنوی اين وب سايت محفوظ و متعلق به گروه مدیریت و پشتیبانی آن می باشد. قدرت گرفته از : سرويس سايت ساز نیلی بلاگ|