Sat, Jun 24, 2017
Tata Teleservices has approached a lender consortium to work out debt restructuring and fresh loan request. The company’s request for debt restructure makes it the second telecom operator to seek this recast.
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Led by the most populous Uttar Pradesh and the largest Rajasthan, the gross fiscal deficits of all the states skyrocketed to Rs 4,93,360 crore in fiscal 2016 from Rs 18,790 crore in FY1991, according to the latest RBI data.
Sun, Jun 18, 2017
A committee set up by the Maharashtra government to finalise criteria for farm loan waiver will meet here on Monday. Leaders of all farmers' organisations will come to the megapolis to attend the meeting, to be chaired by the state Revenue minister Chandrakant Patil.
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
Thu, Jul 21, 2016
All India Bank Employee Association has released the data showing the total number of loan defaulters and the amount they owe. The data also segregates information based on banks.
The All India Bank Employees’ Association has released a list of wilful defaulters.
Wed, Jul 20, 2016
India’s bad debt is concentrated in four sectors - iron and steel, construction and infrastructure, power and textile which hold 55% of the total Rs 11.8 trillion debt, a report by India Ratings agency stated.
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