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'Corporate Favouring Policies Pushed LVB into Crisis'
21 Nov 2020
The Chennai-based Lakshmi Vilas Bank has been placed under moratorium till December 16 by the Reserve Bank of India, following an order from the central government.
RBI’s COVID-19 Relief Measures for NBFCs Do Not Address NPA Concerns
17 Apr 2020
The central bank is again silent on whether scheduled commercial banks can extend moratorium to NBFCs which have combined debt of Rs 1.7 lakh crore maturing by June 2020.
Newsclick Report
NBFCs Debt Worth Rs 1.7 lakh Crore at Risk, Warns Crisil Rating
11 Apr 2020
According to RBI data, the outstanding borrowing of NBFCs is reported as Rs 7 lakh crore.
Newsclick Report
ED Probes Yes Bank’s Links with Bankrupt Companies Under PMLA
17 Mar 2020
Besides allegations of money laundering by Yes Bank’s top administration, the other reasons behind its collapse was the bank’s practice of lending higher amounts of loans by taking shares as…
Newsclick Report
IL&FS Controversy: SEBI Asks CARE Ratings to Act Against Top Management, says Report
13 Feb 2020
After fifteen months of moratorium on all IL&FS entities, the government has now requested NCLT to extend the moratorium for 105 entities of the group for another 270 days.
Newsclick Report
IL&FS Board Likely To File Contempt Case Against 9 Banks For Unauthorised Withdrawals
10 Jun 2019
In January, credit rating agencies have downgraded several SPVs of IL&FS for changing their stance on debt repayment.
Newsclick Report
After Contempt of Court and Failed Spectrum Sale, RCom Opts for Bankruptcy
02 Feb 2019
In May 2018, NCLT initiated a corporate insolvency resolution process on RCom, which was stayed by the NCLAT, letting the company’s management to resolve issues.