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RBI to initiate insolvency proceedings against 12 mega defaulters

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RBI to initiate insolvency proceedings against 12 mega defaulters

[vc_row][vc_column][vc_column_text]The Reserve Bank of India on Tuesday identified 12 accounts – each having more that Rs 5,000 crore of outstanding loans and constituting 25 percent of the total non-performing assets (NPAs) of banks – for immediate resolution under the Insolvency and Bankruptcy Code.

The central bank, without naming the accounts, said that the lenders would be asked to initiate insolvency proceedings against all accounts with an outstanding amount greater than Rs 5,000 crore with 60% or more classified as non-performing by banks.

RBI also informed that the Internal Advisory Committee (IAC) has arrived at an objective, non-discretionary criterion for referring accounts for resolution under the Insolvency and Bankruptcy Code (IBC).

“In particular, the IAC recommended for IBC reference of all accounts with fund and non-fund based outstanding amount greater than Rs 5,000 crore, with 60 per cent or more classified as non-performing by banks as of March 31, 2016,” the RBI said.

Once the process is initiated, banks will have to dissolve the existing board of the company and appoint a professional who will be entrusted with the task of coming up with a workable solution for the company so that it can repay its loans. The professional will initially get 180 days which can later be extended to 90 more days. A liquidator would be appointed if the company fails to come up with a solution within the 270 days.

The banking sector is saddled with NPAs worth over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSB).[/vc_column_text][/vc_column][/vc_row]

Entertainment

Salman Khan, Eknath Shinde’s lighter moment at TB cricket match goes viral

Salman Khan and Eknath Shinde’s friendly interaction at a Mumbai cricket match for TB awareness campaign goes viral. Celebrities and politicians joined forces for the cause.

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While IPL 2025 continues to dominate headlines, a unique celebrity-studded T20 cricket match in Mumbai over the weekend drew major public attention — not just for its cause but also for a viral moment featuring Salman Khan and Maharashtra Deputy Chief Minister Eknath Shinde.

The event, hosted by Union Minister Anurag Singh Thakur, was organised to promote the TB Mukt Bharat campaign. Held at the MCA Cricket Stadium, the match saw Leaders XI, captained by Thakur himself, take on Actors XI, led by Bollywood actor Suniel Shetty.

Salman Khan-Eknath Shinde moment goes viral

Among several glimpses from the event, a video of Salman Khan and Eknath Shinde has gone viral across social media platforms. In the clip, Bollywood Bhaijaan is seen in a blue T-shirt posing for photos with Shinde, who playfully pulls him closer, prompting a rare smile from the actor. Shinde then holds his arm and gestures for him to sit beside him, leading to a warm and widely shared interaction.

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The candid moment drew admiration online, with fans appreciating the camaraderie between the star and the political leader.

The match and surrounding activities served not only as a symbolic effort but also as a strong platform to spread awareness about tuberculosis — a goal aligned with India’s national health mission.

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Entertainment

Snow White box office collection day 2: Despite weak opening, Rachel Zegler-Gal Gadot film earns Rs 1.19 crore on second day

After a weak start with Rs 0.65 crore, Snow White showed limited growth on day 2, earning Rs 1.19 crore in India. The film has grossed US$15.5 million in North America.

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The recently released American musical fantasy film Snow White, featuring Rachel Zegler and Gal Gadot, has witnessed a modest rise in collections on its second day at the Indian box office. The film, which hit theatres on March 21, opened to a lukewarm response in India, with mixed reviews from audiences and critics.

On day one, Snow White managed to earn Rs 0.65 crore, failing to cross the Rs 1 crore mark — a sign of its underwhelming performance in the Indian market. The overall English occupancy for the film stood at 8.02% on Friday, with Hindi dubbed shows recording an even lower 5.17% occupancy.

However, the film saw a slight improvement on day two, owing to the weekend footfall, collecting approximately Rs 1.19 crore on Saturday. This brings the film’s two-day total in India to Rs 1.84 crore, according to box office tracking platform Sacnilk.

North American performance and budget

Globally, Snow White performed significantly better. As per industry reports, the film grossed US$15.5 million in North America on Friday, which includes US$3.5 million from Thursday night previews. Despite this, it still faces a steep climb to recover its reported budget of US$250–270 million, although the makers haven’t disclosed the official production cost.

About the film

Directed by Marc Webb, the film is a live-action adaptation of Disney’s 1937 classic Snow White and the Seven Dwarfs. The cast includes Rachel Zegler as Snow White, Gal Gadot as the Evil Queen, along with Andrew Burnap, Martin Klebba, Ansu Kabia, and others in pivotal roles. The storyline follows Snow White’s journey as she allies with seven dwarfs to free her kingdom from her cruel stepmother.

With the weekend ongoing, Snow White may witness further minor growth, but early trends suggest the film is struggling to make a strong impact in Indian theatres.

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Cricket news

MS Dhoni’s enduring IPL journey: 18 seasons, 5 titles, Thala remains CSK’s iconic force

MS Dhoni returns for his 18th IPL season with CSK, continuing to deliver with strategy, stats, and unmatched popularity. His presence remains pivotal for the franchise.

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As the IPL 2025 season progresses, one name continues to captivate fans and command attention — Mahendra Singh Dhoni. Despite retiring from international cricket in 2020, the Chennai Super Kings (CSK) veteran remains one of the most iconic figures in the league’s history, stepping into his 18th consecutive IPL season.

At 44 years old, Dhoni is the oldest player in this year’s tournament, yet his presence remains as impactful as ever — both on and off the field. While questions remain about how long he’ll continue playing, CSK retained him under the uncapped player clause for the 2025 season, a nod to his influence even after five years away from the international scene.

Statistical dominance and unmatched leadership

Dhoni’s IPL stats underline his lasting brilliance:

5,243 runs (6th highest overall)

Batting average of 39.12, ahead of Rohit Sharma and Virat Kohli

Strike rate of 137.53, trailing only AB de Villiers and David Warner among top scorers

252 sixes, behind only Chris Gayle, Rohit Sharma and Kohli

180 wicketkeeping dismissals – a record in the league

He also holds the records for most matches as captain (210) and most wins as captain (123), having led CSK to five IPL titles and two Champions League T20 victories. These numbers, combined with his calm leadership and match-winning abilities, have cemented his place among cricket’s elite.

Evolving role in the team

Last season, he played a string of strategic cameos, offering impactful knocks and guiding CSK with his sharp game sense. Under the impact player rule, Dhoni may now feature selectively — adding flexibility to the squad while continuing to be a mentor and behind-the-scenes leader. His presence is also commercially vital, with his appeal driving massive brand value for both CSK and the IPL.

As former teammate Robin Uthappa put it, “Write off Dhoni at your own risk. We could still see some old magic.”

Bigger than numbers: Dhoni’s cultural impact

Beyond the numbers, Dhoni’s “helicopter shot”, quick stumpings, and cool-headed decisions under pressure have made him a legend. His contribution to Indian cricket, including three ICC titles as captain and a transformative impact in Test cricket, has drawn comparisons with the likes of Sachin Tendulkar, Sunil Gavaskar, and Kapil Dev.

As the tournament unfolds, speculation remains around whether this will be his final IPL season. But for now, CSK fans are soaking in every moment — cheering for a man whose career continues to inspire across generations.

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