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Sunday, February 19, 2023

Over 94% value erosion found in 165 IBC liquidation case

The value erosion is surprising because lenders always make sure there is a margin or promoter's contribution before granting a loan. If a bank extends a loan for a Rs 1,000 crore investment, it ensures a promoter contribution of Rs 200 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QbZn7wp

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Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...