New Delhi, Dec 12 PC Jeweller Ltd's board has approved issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt. In a regulatory filing on Wednesday, the company informed that the board has approved "issuance of 5,17,11,462 equity shares to the Consortium Lenders for settling part of their outstanding …
Andhra Pradesh chief minister Y S Jagan Mohan Reddy on Tuesday launched a new scheme for poor people aimed at waiving off all loans and their interest on the government-sanctioned houses and providing them full rights over their properties with the payment of a nominal amount. Andhra Pradesh chief minister YS Jagan Mohan Reddy says his government had credited ₹ …
HYDERABAD: A one-time settlement of loans taken from banks by itself is not legally sufficient to wipe out the criminal liability of the borrowers, particularly those who fraudulently took loans and opted to settle those with meagre amounts. Their firm, Kyori Oremin, availed credit facilities from Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra and ICICI Bank, …
