Bank of India to sell bad loans worth ₹8,800 cr to ARC
In an attempt to clear bank books off bad loans, Bank of India will put up 45 loans worth ₹8,800 cr for sale to asset reconstruction company (ARC)
In an attempt to clear bank books off bad loans, Bank of India will put up 45 loans worth ₹8,800 cr for sale to asset reconstruction company (ARC)
Allahabad High Court denied interim relief to power sector’s plea against National Court of Law Tribunal (NCLT) proceedings. So now the financial institutions can initiate bankruptcy proceedings against these companies.…
After government's infusion of ₹2257 crores, Bank of India has postponed its plan to raise ₹3000 crores via qualified institutional placement
LIC with the purchase of 3.1% share more in Bank of India, totals its equity share in the bank to about 14.25%.
Reserve Bank of India is keeping a close watch over the banks with more than 6% of assets in bad loans. An action against these banks might be taken soon.