| Author | Message | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2737 Registered: 04-2008 Posted From: 76.106.197.158 Rating: N/A |
https://timesofindia.indiatimes.com/business/india-business/ finance-ministry-expects-banks-to-get-back-over-rs-1-lakh-cr ore-with-resolution-of-12-major-npas/articleshow/64245359.cm s Finance ministry expects banks to get back over Rs 1 lakh crore with resolution of 12 major NPAs | ||
Tintin Junior Artist Username: Tintin Post Number: 409 Registered: 01-2018 Posted From: 1.186.105.252 Rating: |
Oreiii asala em subject ardham iyyindira meeku BJ party dry fruits akkada overall ga bankers are taking avg 50% haircut on total bad loans. (Nclt/ outside Nclt) Oka case pattukochi chindulestunnara. Power sector stress assets ithe santham nakesai max 25% sustainable debt. Modi lo gola  | ||
Bushu Hero Username: Bushu Post Number: 14746 Registered: 04-2009 Posted From: 50.252.202.131 Rating: N/A |
latest number is 80000 cr + .. awesome reform with far reaching effects. But votes raalavu itlanti vaatiki. | ||
Amaravathi_road Junior Artist Username: Amaravathi_road Post Number: 498 Registered: 09-2016 Posted From: 165.156.39.47 Rating: N/A |
DLM batch ROM lo thiruguthunnaayi single stars tho squinted eye is lot better than blind | ||
Kurt_cobain Junior Artist Username: Kurt_cobain Post Number: 127 Registered: 01-2014 Posted From: 98.229.56.178 Rating: N/A |
"Over 2,100 companies settle Rs 83,000 crore bank dues..." https://economictimes.indiatimes.com/industry/banking/financ e/banking/over-2100-companies-settle-rs-83000-crore-bank-due s/articleshow/64282901.cms | ||
Brightlife34 Comedian Username: Brightlife34 Post Number: 1405 Registered: 11-2017 Posted From: 98.254.78.248 Rating: N/A |
tata vadu bushan steel koni, bushan appu kadita adi modi achievement anta, ooh my// main achievement antey promoters ki future lo bhayam undali that they will lose business. currently banks are hesitant to enforce takeover and laws are also not banking freidnly, however rules are there. there were some much needed tweaks done. but promoters always skim their money and unlike here, do not think are much concerned about goodwill. so net loss banks key etu chusina. this is still not a recovery, haircut was taken by banks. but still a good way to keep credit cycle moving.. but ee login edaitho undo that this mess was 100% UPA driven, should just research the banking and NPA crisis world over. obv bhakths oppukoru. I am not saying banks lending process and safeguards were lowered, but again india is not the only country | ||
Mahi_chiru Junior Artist Username: Mahi_chiru Post Number: 417 Registered: 05-2008 Posted From: 171.161.56.16 Rating: N/A |
tata vadu bushan steel koni, bushan appu kadita adi modi achievement anta, ooh my | ||
Sodi Side Hero Username: Sodi Post Number: 4185 Registered: 01-2014 Posted From: 68.207.251.113 Rating: |
Where is the Visakhapatbnam railway Zone MAN MODI lodi where are the central institutes? Where is the petro complex in Visakhapatnam? entah sepu MEHABOOBA MEHABOOBA antu adi emi chepte adi cheyatam saripotundi MULLAH DRY FRUIT gaadiki | ||
Tintin Junior Artist Username: Tintin Post Number: 408 Registered: 01-2018 Posted From: 183.82.42.130 Rating: N/A |
bj party valla hasyam | ||
Mahi_chiru Junior Artist Username: Mahi_chiru Post Number: 415 Registered: 05-2008 Posted From: 171.161.56.16 Rating: N/A |
updating some policies always happen. | ||
Nice Megastar Username: Nice Post Number: 20407 Registered: 05-2009 Posted From: 115.112.100.11 Rating: |
CBN cheddodu ani BJP AP ki funds release cheyyatam ledha. Is it the right way. CBN cheddodu aithe CBI enquiry vesi bokkalo tosi funds ivvandi
meedi kuda blind hatred or blind love laagane undhi ga mastaru. AP ki funds enduku full ga release cheyyatam ledhu ante mee bangaram manchidaithe ani modalu pedataru rather than talking about why they haven't given | ||
Nice Megastar Username: Nice Post Number: 20406 Registered: 05-2009 Posted From: 115.112.100.11 Rating: |
Ee manchi panulu chestunnadu ani chedda panula gurinchi edavatam maanesara meeru CBN medha. | ||
Nice Megastar Username: Nice Post Number: 20405 Registered: 05-2009 Posted From: 115.112.100.11 Rating: |
Aa recovered loans kuda home loans type vi ayi untaayi or chinna chinna industrialist lavi ayi untaayi. Antha difference aa recovered amount ki written off amount ki  | ||
Pavala Megastar Username: Pavala Post Number: 29267 Registered: 02-2008 Posted From: 165.225.64.61 Rating: N/A |
vissu avannee maaku anavasaram...aa BD gaadu maaku ivvalsina amount ivvaledhu...andhuke mem bhuthul dobbthaam....inka amount entha antavaa? maak thelvadhu...maa yellow media adhi raayadhu...just infinite funds maaku transfer chesthe rojuko drama naduputhaam.....veelunnanni acres d'thaam Mahesh performance lo 10% kooda Chiru cheyyaledu.... - New_user Spyder - Critically acclaimed disaster - New_user | ||
Nice Megastar Username: Nice Post Number: 20403 Registered: 05-2009 Posted From: 115.112.100.11 Rating: N/A |
Very very good initiative. | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1108 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
and you know what the beauty of this deal is 5000 bhushan steel employees are now TATA employess...also TATA is paying original Bhushn steel promoters for smooth transition.... Total CBN licks > Total google clicks | ||
Brightlife34 Comedian Username: Brightlife34 Post Number: 1402 Registered: 11-2017 Posted From: 73.104.150.30 Rating: N/A |
good if tatas are paying out some in cash. looks like banks takig 35% haicut antey oka 18000 cr, still a great job.. | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1107 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
congress ee desanni enta dochukundo chinna example In 2015 alone, SBI wrote-off loans worth Rs 23,973 crore while it recovered just Rs 317 crore. In 2016, it wrote off Rs 19,944 crore, whereas it recovered Rs 3093 crore from loans that were written off. In FY17, SBI wrote off loans worth Rs 27,574 crore and recovered Rs 3,765 crore. In the subsequent fiscal year till December 2017, it wrote off Rs 31, 096 crore and recovered a mere Rs 3,221 crore. All these loans which were written of were given under UPA regime from 2006-2014... some of these loans had good will certificates and contract lease agreements from the then finance minster chidambaram.... Total CBN licks > Total google clicks | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1106 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
This is also one of the major clause that makes stressed assest acquisition attractive The Finance Act, 2018, has amended Section 115JB to allow the total book loss, including depreciation, to be set off against the book profit, instead of book loss or depreciation, whichever is higher Total CBN licks > Total google clicks | ||
Discoveringself Side Hero Username: Discoveringself Post Number: 2476 Registered: 01-2016 Posted From: 50.4.210.139 Rating: N/A |
recogninzing NPAs is a different issue........but the ability for the losers to continue use viable entities without giving up the assets is all together a different issue....... previously banks dint really have tools and no enforcing law to recover the loans by selling off the assets........all idiots were just using the banks to run their failed enterprises.....and looting the banks indirectly........ so, dont even go there.....congress ecosystem and other regional parties loved this........so kudos to NDA.....and RRR/MMS/PC dint do it....... 70 years and congress scxum allowed this scam to continue...looting banks....socializing losses....and privatizing profits... | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1105 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
no not really...if bank to bank transaction happens what gets covered is their books...see this https://economictimes.indiatimes.com/industry/indl-goods/svs /steel/tata-steel-to-raise-rs-16500-cr-debt-to-fund-bhushan- acquisition/articleshow/64272639.cms From a financing perspective, it said, the transaction is largely financed by "our cash and incremental debt is only about Rs 16,500 crores which will be raised on the target balance sheet eventually". Total CBN licks > Total google clicks | ||
Discoveringself Side Hero Username: Discoveringself Post Number: 2475 Registered: 01-2016 Posted From: 50.4.210.139 Rating: |
wat backstabbing man?.......yellow media kaamedy kaakapothey...mana bangaram manchidaithey pakkodini tappu pattochchu...... anyways, nee istam........if u wanna believe in goebbels....why wud modi/shah hate AP?/.......comedy kaakapothey..... | ||
Brightlife34 Comedian Username: Brightlife34 Post Number: 1401 Registered: 11-2017 Posted From: 73.104.150.30 Rating: |
ayananthe actually yours is correct assessment. when tata buys its actually bank funded most of it. so its not recovered its technically shifted from one bank to another. kicking the can down the road..positive side is owners will lose their control and future lo any one who is serious about business will try to be conservative. but banks are not out of the woods | ||
Brightlife34 Comedian Username: Brightlife34 Post Number: 1400 Registered: 11-2017 Posted From: 73.104.150.30 Rating: N/A |
thats what i am saying RR it was drilled down that you have to take higher provisioning. i mean if you estimate to recover 50p on 1rs he made them provision/write down 70p. it does not mean that money 70p is lost. it just their internal estimate of recovery on a safe set. italy and spain lo portfolios if you track during bail outs were sold at fractions retail and corporate. most times govt bought and they made money when markets improved by selling at higher proces. US did100s of billions $+ bail out, ECB did almost same.. so pls do not start saying its just an indian problem. our currencies plunged, oil was high, so airlines, auto (due to import costs), steel due to global demand everything crashed.. i used to track power and road sector stocks. you will be amazed at the crazy bidding that happened post 2003 electricity and NHAI acts. all companies used to bid like crazy, because aa time lo stock market was valuing if you win a project no one cared about execution its a bad call by corporates, and dont restrict to india worldover it happened. | ||
Brightlife34 Comedian Username: Brightlife34 Post Number: 1399 Registered: 11-2017 Posted From: 73.104.150.30 Rating: |
ofcourse it is a great step and kudos to the government. NCLT was needed much like liberalisation crisis, given extent of bad loan, and with current recovery/liquidation/restructuring. thankfully the NDA govt took it as priority and started recovering. but if we start the problem as NDA vs UPA then its not exactly a correct way. all major govts across the world did do bail outs through buying troubled assets, recapitalisation or guarantees. so idi definitely a global problem. what was heartening to see was it was recognised as a crisis once RR came in RBI and subsequently followed up. he started the provisioning exercise aggressively. but full marks to current govt too, credit where its due on a side note, the recovery used to happen before too, its fine tuned now also do not see it as full recovery, when tata buys it is again bank funded. so its exchange of money between banks or sometimes between pockets within a bank. | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1103 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
congress ee desanni enta dochukundo chinna example In 2015 alone, SBI wrote-off loans worth Rs 23,973 crore while it recovered just Rs 317 crore. In 2016, it wrote off Rs 19,944 crore, whereas it recovered Rs 3093 crore from loans that were written off. In FY17, SBI wrote off loans worth Rs 27,574 crore and recovered Rs 3,765 crore. In the subsequent fiscal year till December 2017, it wrote off Rs 31, 096 crore and recovered a mere Rs 3,221 crore. All these loans which were written of were given under UPA regime from 2006-2014... some of these loans had good will certificates and contract lease agreements from the then finance minster chidambaram.... Total CBN licks > Total google clicks | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1102 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
Earlier insolvency laws were very dubious and ended in long battles in courts...so even if the assets were lucrative not much interest was generated...and again those who brought the assets were either political bigwigs or some crony capitalists. Real and genuine businessmen were out from such deals even when assets were lucrative... what IBC does is A maximum of 270 days are given for the company to work out a turn-around mechanism and repay it's loans. If the resolution doesn’t work, the liquidation proceedings kick-in and banks and other stakeholders in the firm work out a plan to recover the money. The whole process is time bound and offers a decent exit for the promoter and minimum financial losses to lenders. Total CBN licks > Total google clicks | ||
Vjawarrior Legend Username: Vjawarrior Post Number: 34929 Registered: 02-2014 Posted From: 69.193.105.226 Rating: N/A |
enti annnu enduku antunnav dude? genuine gaa adigaanu... I hate BJ party now due to the back stabbing they did to AP..anthe...for India ...BJ party undali as they are little better than cong sxcums | ||
Discoveringself Side Hero Username: Discoveringself Post Number: 2474 Registered: 01-2016 Posted From: 136.2.33.167 Rating: N/A |
now the element of "Risk" is introduced........rather than a free lunch at the cost public....for all these politico-business nexus ppl using banks as their fiefdom.... hopefully banks will be lending to common man, small business......rather than footing the bill for all kindsa failed businesses..........while enriching those corrupt owners/losers........ | ||
Discoveringself Side Hero Username: Discoveringself Post Number: 2473 Registered: 01-2016 Posted From: 136.2.33.167 Rating: N/A |
blind hatred guy....mostly waste posting details.....two days lo CBN thoka pattukuni how to abuse Modi/Shah ani ready aipothaadu.... | ||
Discoveringself Side Hero Username: Discoveringself Post Number: 2472 Registered: 01-2016 Posted From: 136.2.33.167 Rating: |
IBC is such a great service to the nation...the looters are atleast in check... Modi Vs Oxfords/Harvards..........damn those third class corrupt idiots like MMS/PC/RRR...........head ekkada pettukuntaaro for all their badges from best universities....... without this, all the corrupt business men were "Socializing losses and privatising profits"...........and bought the banks to their knees........ | ||
Vjawarrior Legend Username: Vjawarrior Post Number: 34927 Registered: 02-2014 Posted From: 69.193.105.226 Rating: N/A |
tata vaadu pichodu emi kaadu gaaa....assets unnai kabatti koni untaaadu...y didnt they auction the bhsuhan steel assets...may be mittal might have bought for more naa? aina 50% dabbulu maatrame back vachay gaa | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1100 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
How could TATA purchase it? why TATA could not purchase earlier ?? why only now ?? just try to figure out, you will get the answer, i will post details in my next post.. Total CBN licks > Total google clicks | ||
Vjawarrior Legend Username: Vjawarrior Post Number: 34921 Registered: 02-2014 Posted From: 69.193.105.226 Rating: |
Tata bought that company...deentlo modi achievement enti? can u explain? | ||
Viswamitra Comedian Username: Viswamitra Post Number: 1098 Registered: 09-2015 Posted From: 2.30.113.52 Rating: N/A |
This indeed is a real achievement of modi..deeniki kooda cedit ivvakapotey god bless amma !! Total CBN licks > Total google clicks | ||
Aggipidugu116 Side Hero Username: Aggipidugu116 Post Number: 4360 Registered: 07-2014 Posted From: 174.205.7.87 Rating: |
Wait for DLM. From some hurted akulu... because he was chaiwala and right wing.. we do not need to credit him.. | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2735 Registered: 04-2008 Posted From: 76.106.197.158 Rating: |
https://www.financialexpress.com/economy/modis-ibc-masterstr oke-as-bhushan-steel-puts-rs-36400-core-in-banks-kitty-india -winning-npa-war/1173671/ Modi’s IBC masterstroke: As Bhushan Steel puts Rs 36,400 core in banks’ kitty; India winning NPA war India’s NPA war: With the major Rs 36,400 crore buyout of debt-ridden Bhushan Steel by a Tata Group company and many more to come under the Narendra Modi-led government’s IBC reform, India’s gains a strong footing in its war against NPAs. Notably, Bhushan Steel was the largest account in among RBI’s 12 big accounts identified for an immediate resolution. These 12 accounts, constituting 25% of country’s total bad loans, were subsequently admitted by insolvency court National Company Law Tribunal (NCLT). Describing the development as historic historic breakthrough” in resolving bad loans of banks, interim Finance Minister Piyush Goyal said that this is a record step towards resolving the legacy of unprecedented amount of bad bank loans inherited by this Government. “Congrats to PM @narendramodi ji & @arunjaitley ji for a historic breakthrough in resolving legacy issues of Banks. Lenders recovered almost entire principal loan of Bhushan Steel through Rs 36,400 cr transparent bid by Tata Steel and also got 12% stake in the company,” he tweeted. Notably, Bamnipal Steel, (BNPL), a wholly-owned subsidiary of Tata Steel, has successfully completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel Ltd (BSL) for around Rs 36,400 crore, according to a statement by Tata Steel. Further, the firm has received all government clearances in acquiring Bhushan Steel. “Lenders recovered almost entire principal loan of Bhushan Steel through Rs 36,400 crore transparent bid by Tata Steel and also got 12 per cent stake in the company,” Piyush Goyal noted in another tweet. The acquisition signals a major breakthrough in India’s NPA war, as the recovery amount is over 90 per cent of the principal amount, according to a tweet by principal economic advisory in the finance ministry Sanjeev Sanyal. Following this, now the focus will shift on other major accounts in bid to recover over Rs 1 lakh crore. Things seem to be moving in a steady pace, as VTB-led Numetal, a prominent bidder for in debt-laden Essar Steel has said that they have made a bid of Rs 37,000 crore in the second round of bidding for the bankrupt steel company while pleading that the court should order the lenders to scrap the first round. Following this resolution, now the focus will be on other major cases such as Amtek Auto which has a loan default of Rs 14,074 crore in which the UK-based Liberty House has emerged biggest bidder. Notably, the firm has asked the top court to decide on the matter. Other accounts under bidding are Monnet Ispat and Energy for Rs 12,115 crore and Jaypee Infratech Rs 9,635 crore. The total amount of NPAs expected to be resolved soon adds up to over Rs 1 lakh crore, which the banks might not have seen again. |
