Here’s how the transport ministry has been working towards saving bank loans worth Rs 3 lakh crore

August 2017

With around 400 stuck projects in 2014, banks were facing nearly Rs 3 lakh crore worth of debt but the current ministry of road transport and highway...

Tags: Nitin Gadkari, FICCI’s PPP Summit, Contractors, Investors, Bankers

Government warns road developers

January 2016

Running out of patience for their lack of commitment and lackadaisical approach, the government has warned non-serious developers and bankers of term...

Tags: Bankers, Terminating highway projects, L&T, HCC, Gammon, Madhucon, Soma and Essel Ifra, State Bank of India, Punjab National Bank, Bank of India

FM Arun Jaitley asks PSU banks to remove NPA blotch

December 2015

Finance Minister Arun Jaitley has asked state-run banks to clean-up their balance sheets of non-performing assets, saying the government was willing ...

Tags: Arun Jaitley, NPA, Bankers, Policy Corrective Measures, PSU banks

Plea to banks to fund Haryana housing scheme

November 2013

Haryana government has urged bankers to provide finance to beneficiaries of its flagship housing scheme for poor families living in rural and urban a...

Tags: Haryana government, bankers, housing scheme, rural and urban areas

Three bankers shortlisted to sell 9.33% stake in MMTC

January 2013

To sell 9.33 per cent of its stake in Metals and Minerals Trading Corporation of India (MMTC) in the current fiscal, the Union Government has shortli...

Tags: stake, Metals and Minerals Trading Corporation of India, MMTC, Union Government, shortlisted, merchant bankers

Govt to sell stake in NTPC, looks for merchant bankers

November 2012

By inviting bids from the merchant bankers, the Union government on November 27 initiated the process of offloading 9.5 per cent stake in NTPC. At th...

Tags: inviting bids, merchant bankers, Union government, stake, in NTPC, NTPC disinvestment

Bankers to lend Rs 8.3 bn for Rs 11 bn road project

November 2012

A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project i...

Tags: consortium, bankers, Hospet-Chitradurga Tollways, HCTL, road, project, loan, finance, special purpose vehicle, SPV, Ramky Group