Religare Finvest debt recast at final stages; NBFC to reboot in January

With debt recast at final stages, Religare Finvest Ltd (RFL) is all set to restart its business come new year 2022, Religare Enterprises Ltd Chairperson Rashmi Saluja said. RFL, a NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective action plan (CAP) of the Reserve Bank of India (RBI) since January 2018, due to its weak financial health.

source https://economictimes.indiatimes.com/industry/banking/finance/religare-finvest-debt-recast-at-final-stages-nbfc-to-reboot-in-january/articleshow/87961889.cms

PNB puts up National Steel & Agro Industries for sale to recover Rs 200cr dues

State-owned Punjab National Bank (PNB) has put up a Madhya Pradesh-based steel and agriculture company for sale to recover its outstanding of nearly Rs 200 crore. The National Steel and Agro Industries Ltd has a balance outstanding of Rs 199.90 crore to the bank.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/pnb-puts-up-national-steel-agro-industries-for-sale-to-recover-rs-200cr-dues/articleshow/87961830.cms

BANKING

With debt recast at final stages, Religare Finvest Ltd (RFL) is all set to restart its business come new year 2022, Religare Enterprises Ltd Chairperson Rashmi Saluja said. RFL, a NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective action plan (CAP) of the Reserve Bank of India (RBI) since January 2018, due to its weak financial health.

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BANKING

State-owned Punjab National Bank (PNB) has put up a Madhya Pradesh-based steel and agriculture company for sale to recover its outstanding of nearly Rs 200 crore. The National Steel and Agro Industries Ltd has a balance outstanding of Rs 199.90 crore to the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/3D4kXQS
via IFTTT

BANKING

Mastercard Inc has raised similar concerns privately with the USTR. Reuters reported in 2018 that the company had lodged a protest with the USTR that Modi was using nationalism to promote the local network.

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Visa complains to US govt about India backing for local rival RuPay

Mastercard Inc has raised similar concerns privately with the USTR. Reuters reported in 2018 that the company had lodged a protest with the USTR that Modi was using nationalism to promote the local network.

source https://economictimes.indiatimes.com/industry/banking/finance/visa-complains-to-us-govt-about-india-backing-for-local-rival-rupay/articleshow/87958886.cms

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WHO skips Greek letters 'nu' and 'xi' to name new variant, a move critics say bows to China

11/27/21 9:01 AM