\"\"
<\/span><\/figcaption><\/figure> MUMBAI: In a bid to clean up its book faster and protect its balance sheet from further provisions, IDBI Bank<\/a> has put on the block several large loans, including Reliance Communications<\/a> (RCom<\/a>) and Reliance Telecom<\/a> (see graphic).

\nThe public sector bank, which was recently sold by the government to Life Insurance Corporation (LIC), has put on the block loans of RCom and Reliance Telecom with gross principal outstanding of Rs 1,056 crore. It is also selling loans of Loop Mobile valued at Rs 105 crore. Other NPA assets for sale are Mittal Corp (Rs 73-crore exposure), Amzen Transportation Industries (Rs 79 crore), Nandhi Dal Mills (Rs 32 crore) and Sunrise Pictures (Rs 7.83 crore).According to bankers, until loans are fully written off, lenders have to make ageing provisions, which take a toll on their profits. Bloomberg reported this week that the bank may sell up to Rs 10,000 crore of bad loans in a bid to bring down its NPAs, which are currently 30% of its portfolio.

Banks had started classifying RCom as an NPA a year ago. Since they have to periodically make fresh provisions, a large part of the loans would have already been provided for. IDBI Bank has set a reserve price of Rs 470 crore, which is less than 45% of the principal outstanding amount. However, given that the bank would have already provided for a large part of the loan, a sale at even half of the outstanding amount would be positive for the bank.

In the case of Loop Mobile, IDBI Bank has chosen to invite offers under the ‘Swiss Challenge’ method. This involves the seller calling for bids from the open market based on an offer that it has already received. The original bidder will then be given an opportunity to match the highest bidder. It is not known which is the company that has made an offer for
Loop Telecom<\/a>.

Last year, IDBI Bank had tried to separately sell its erstwhile headquarters — the seven-storied BPL Towers in Central Mumbai — at a price of Rs 135 crore. Prior to being taken over by the Dubai-based Khaitan Group, Loop Telecom was known as BPL Telecom.

For the other companies, the bank has indicated a higher haircut. For instance, in the case of Mittal Corporation, the reserve price is Rs 29 crore or 40% of the outstanding amount. In the case of Amzen Transportation (formerly Amtek Railcar), the reserve price is Rs 52 crore which is around 65% of the outstanding amount.

<\/body>","next_sibling":[{"msid":68385156,"title":"\u2018Let RCom use trust fund to pay Ericsson', NCLAT warns lenders of insolvency","entity_type":"ARTICLE","link":"\/news\/let-rcom-use-trust-fund-to-pay-ericsson-nclat-warns-lenders-of-insolvency\/68385156","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":68385291,"entity_type":"ARTICLE","title":"IDBI Bank to sell bad loans, including RCom\u2019s","synopsis":"In a bid to clean up its book faster and protect its balance sheet from further provisions, IDBI Bank has put on the block several large loans, including Reliance Communications (RCom) and Reliance Telecom.","titleseo":"telecomnews\/idbi-bank-to-sell-bad-loans-including-rcoms","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2019-03-13 08:53:08","lastupd":"2019-03-13 08:53:08","breadcrumbTags":["Reliance Telecom","RCom","Loop Telecom","idbi bank","Reliance communications","Industry"],"secinfo":{"seolocation":"telecomnews\/idbi-bank-to-sell-bad-loans-including-rcoms"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2019-03-13" data-index="article_1">

IDBI银行出售不良贷款,包括信实电信的

为了清理其书更快,保护其资产负债表进一步规定,IDBI块几家大型银行已经把贷款,包括Reliance Communications (RCom)和电信的依赖。

  • 发布于2019年3月13日08:53点坚持
孟买:为了清理其书更快,保护其资产负债表进一步规定,IDBI银行把块几家大型贷款,包括信实电信(信实电信),信实电信(看图表)。

公共部门银行最近被政府出售人寿保险公司(LIC)穿上了块贷款总值和信实电信RCom本金余额1056卢比。这也是出售贷款循环移动价值105卢比。其他NPA资产出售是米塔尔集团(价值73卢比的接触),Amzen交通行业(79卢比),Nandhi Dal米尔斯(32卢比)和日出的照片(7.83卢比)。银行家们表示,直到完全冲销贷款,贷款人必须老化的条款,以影响他们的利润。本周彭博社报道,银行可能会出售高达10000卢比的不良贷款,以降低其npa,目前其投资组合的30%。

广告
银行已经开始作为一年前NPA RCom的分类。因为他们必须定期作出新的规定,很大一部分贷款已经提供。IDBI银行设定一个最低价格470卢比,小于45%的未偿还本金金额。不过,鉴于银行已经提供了很大一部分贷款,出售一半的债务总额将有利银行。

在循环移动的情况下,IDBI银行选择了邀请下提供“瑞士的挑战”的方法。这涉及到卖方要求从公开市场报价基于报价已收到。最初的投标人将被给予一个机会来匹配出价最高的人。现在还不知道公司的出价循环电信

去年,IDBI银行曾试图单独出售其昔日的总部——七层底保塔在孟买中部- 135卢比的价格。之前被迪拜Khaitan集团循环电信被称为底保电信。

对于其他公司来说,银行已表示更高的发型。例如,在米塔尔公司的情况下,最低价格是29卢比或债务总额的40%。对于Amzen运输(原名Amtek有轨车),周围的保留价格是52卢比债务总额的65%。

  • 发布于2019年3月13日08:53点坚持
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\"\"
<\/span><\/figcaption><\/figure> MUMBAI: In a bid to clean up its book faster and protect its balance sheet from further provisions, IDBI Bank<\/a> has put on the block several large loans, including Reliance Communications<\/a> (RCom<\/a>) and Reliance Telecom<\/a> (see graphic).

\nThe public sector bank, which was recently sold by the government to Life Insurance Corporation (LIC), has put on the block loans of RCom and Reliance Telecom with gross principal outstanding of Rs 1,056 crore. It is also selling loans of Loop Mobile valued at Rs 105 crore. Other NPA assets for sale are Mittal Corp (Rs 73-crore exposure), Amzen Transportation Industries (Rs 79 crore), Nandhi Dal Mills (Rs 32 crore) and Sunrise Pictures (Rs 7.83 crore).According to bankers, until loans are fully written off, lenders have to make ageing provisions, which take a toll on their profits. Bloomberg reported this week that the bank may sell up to Rs 10,000 crore of bad loans in a bid to bring down its NPAs, which are currently 30% of its portfolio.

Banks had started classifying RCom as an NPA a year ago. Since they have to periodically make fresh provisions, a large part of the loans would have already been provided for. IDBI Bank has set a reserve price of Rs 470 crore, which is less than 45% of the principal outstanding amount. However, given that the bank would have already provided for a large part of the loan, a sale at even half of the outstanding amount would be positive for the bank.

In the case of Loop Mobile, IDBI Bank has chosen to invite offers under the ‘Swiss Challenge’ method. This involves the seller calling for bids from the open market based on an offer that it has already received. The original bidder will then be given an opportunity to match the highest bidder. It is not known which is the company that has made an offer for
Loop Telecom<\/a>.

Last year, IDBI Bank had tried to separately sell its erstwhile headquarters — the seven-storied BPL Towers in Central Mumbai — at a price of Rs 135 crore. Prior to being taken over by the Dubai-based Khaitan Group, Loop Telecom was known as BPL Telecom.

For the other companies, the bank has indicated a higher haircut. For instance, in the case of Mittal Corporation, the reserve price is Rs 29 crore or 40% of the outstanding amount. In the case of Amzen Transportation (formerly Amtek Railcar), the reserve price is Rs 52 crore which is around 65% of the outstanding amount.

<\/body>","next_sibling":[{"msid":68385156,"title":"\u2018Let RCom use trust fund to pay Ericsson', NCLAT warns lenders of insolvency","entity_type":"ARTICLE","link":"\/news\/let-rcom-use-trust-fund-to-pay-ericsson-nclat-warns-lenders-of-insolvency\/68385156","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":68385291,"entity_type":"ARTICLE","title":"IDBI Bank to sell bad loans, including RCom\u2019s","synopsis":"In a bid to clean up its book faster and protect its balance sheet from further provisions, IDBI Bank has put on the block several large loans, including Reliance Communications (RCom) and Reliance Telecom.","titleseo":"telecomnews\/idbi-bank-to-sell-bad-loans-including-rcoms","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2019-03-13 08:53:08","lastupd":"2019-03-13 08:53:08","breadcrumbTags":["Reliance Telecom","RCom","Loop Telecom","idbi bank","Reliance communications","Industry"],"secinfo":{"seolocation":"telecomnews\/idbi-bank-to-sell-bad-loans-including-rcoms"}}" data-news_link="//www.iser-br.com/news/idbi-bank-to-sell-bad-loans-including-rcoms/68385291">