Bankers moved to recast bulky loans in the January-March quarter ahead of a change in rules which will lead to restructured loans being categorized as bad loans, attracting a minimum provision of 15 per cent, mentioned a business news paper.
Tag: Pipavav Defence
Post
Post
Pipavav lowest bidder
Pipavav Defence and Offshore Engineering Company (formerly Pipavav Shipyard) said it has emerged as the lowest bidder for an order worth Rs 920 crore from Indian Coast Guard. The contract follows another prestigious order for five Naval vessels amounting to around Rs 2,975 crore received from Defence Ministry which is "under execution".