Sdr Rules News

Companies

SBI needs more weapons in bad loans war: Arundhati Bhattacharya

SBI chief Arundhati Bhattacharya on bad loans plaguing India's banking sector and need for more tools to handle them

13 min read13 Jun 2016
Industry

We need more tools to tackle bad loans: SBI

SBI chief Arundhati Bhattacharya says the bank would like to use whatever is at its disposal to get things moving, as far as non-performing assets are concerned

3 min read13 Jun 2016
Industry

RBI warns banks: ensure promoters don’t buy back seized assets

Concerns arise of promoters using shell entities to buy back assets seized by banks at much lower prices

4 min read25 Feb 2016
Companies

Electrosteel Steels majority stake to be sold to First International

Deal follows lenders' decision to convert part of their debt to majority equity in the firm by invoking SDR rules

4 min read17 Feb 2016
Companies

Lenders invoke SDR rules to take control of Ankit Metal and Power

For conversion of the company's outstanding debt into majority equity, lenders have decided to take 16 December as the reference date

2 min read18 Dec 2015
Companies

Creditors to take control of Electrosteel Steels under new rule

Kolkata-based firm has outstanding debt of more than Rs9,500 crore

5 min read28 Jul 2015

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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