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Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme

Manufacturing

19 April, 2021

Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme

The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of ......

Govt keen to speed up stake sale in IDBI Bank, three others

Finance

18 August, 2020

Govt keen to speed up stake sale in IDBI Bank, three others

Indian Prime Minister Narendra Modi's office has asked officials to speed up the process of trimming government stakes in at ......

Govt plans to sell majority stake in Bank of India, five other state-run banks

Finance

20 July, 2020

Govt plans to sell majority stake in Bank of India, five other state-run banks

India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to ......