IL&FS
- Business
Indian Bank says 8 loan accounts as fraud, including IL&FS
Chennai: Government owned Indian Bank has declared bad loans amounting Rs 202.32 crore to seven domestic borrowers and $5.289 million lent to a foreign company as fraud. The bank has said it has…
- Business
How IL&FS colluded with rating agencies
NEW DELHI: With rating agency ICRA sending its CEO Naresh Thakkar on leave citing regulatory concerns, the role played by the rating agencies — highlighted innumerable times by IANS in the past…
- Business
IL&FS Board for quick asset resolution
MUMBAI: At the IL&FS Board meeting held on June 28 here, the board of the beleaguered company decided to pursue its divestment and asset resolution programme full throttle. The key decisions were…
- News
BJP govt helped private telecom firms at cost of PSUs: Congress
New Delhi [India]: Congress on Monday launched a scathing attack on the central government, accusing it of helping private telecom companies at the cost of public sector undertakings (PSUs). “Problem is malice…
- Business
IL&FS Tranport network re-designates Bhatia as CEO
MUMBAI: IL&FS Transportation Networks on Friday announced the re-designation of Dilip Bhatia as CEO of the company. The decision came into effect on April 4. “Dilip Bhatia was appointed as Chief Executive…
- Business
Centre pays sovereign guarantees to ADB, KfW for IL&FS
NEW DELHI: In a major development in the IL&FS crisis, the government has of late paid up on sovereign guarantees to Asian Development Bank (ADB) and KfW, a state-run bank of Germany,…
- Business
IL&FS accounts not to be declared NPAs, rules NCLAT
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Monday said the cash-strapped Infrastructure Leasing and Financial Services (IL&FS) and its group companies will not be declared as non-performing assets (NPA)…
- Business
PNB is focussing on monitoring, recoveries for the turnaround: MD
New Delhi: Punjab National Bank (PNB) has done full provisioning after being hit by a Rs 14,356 crore fraud at its Brady House Mumbai branch involving certain accounts in the gems and…
