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Tag Archives: lenders

SpiceJet all but grounded, lenders refuse to play ball

Cash-strapped airline SpiceJet was forced to ground its operations on Wednesday until 4 pm, leaving thousands of passengers stranded across the country after oil companies refused to give credit despite the civil aviation ministry’s intervention to support the airline on ...

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Lenders want forensic audit of Bhushan Steel

A consortium of lenders headed by Punjab National Bank (PNB) has decided to conduct a forensic audit of debt-laden steel maker, Bhushan Steel, and appoint three nominee directors on the company’s board. The forensic audit, to be carried out by ...

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Lenders exploring debt recast for REI Agro

The lenders of debt-stricken REI Agro, who have exposure of Rs 4,000 crore to the company, are considering taking the agro processing firm to the corporate debt restructuring (CDR) cell. Banks have already classified REI Agro as a special mention ...

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Public lenders disappoint on the dividend front

Investors expecting high dividend from public sector banks are a disappointed lot. As 2013-14 was a rough period for these banks, investors had been pinning hopes on dividend payouts, given the track record of these lenders in this regard. However, ...

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