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Mysuru Zoo to host e-Youth Club from July 25

Mysuru Zoo to host e-Youth Club from July 25
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NCLT grills IDBI Bank over settlement with Siva Industries: Report

NCLT grills IDBI Bank over settlement with Siva Industries: Report IANS 29 June 2021   The bench last week questioned the alacrity being shown by the lead lender IDBI Bank as CBI has charged C Sivsasankaran in a loan fraud case of IDBI Bank.   The bench also asked the bank consortium in what capacity did the proposer give the settlement plan and the real intent behind the one-time settlement offer.     Some serious allegations and questions have been raised with respect to the Siva Industries and Holdings case that has grabbed the limelight because public sector banks have agreed to settle with the promoter of Siva Industries a huge loan of Rs 4,863 crore at just Rs 323 crore with a recovery of only 6.5 per cent, Zee Biz reported earlier.

New bad bank expected to be launched in July

New bad bank expected to be launched in July Lenders have so far reviewed 101 non-performing assets (NPAs) in the first phase and now plan to transfer 22 accounts amounting to roughly Rs 89,000 crore to the bad bank. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  The new bad bank is likely to be launched later this week with all the regulatory approvals in place. According to sources aware of the development, the Indian Banks Association (IBA) has already filed an application with the Registrar of Companies at the Ministry of Corporate Affairs to incorporate the National Asset Reconstruction Company Ltd and its debt management company.

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