bad bank
Finance
Bad bank starts operations, banks to transfer $6.6 bn NPAs by March
National Asset Reconstruction Company Ltd (NARCL), a government created entity to tackle bad loan problem in India, is set to ......
Finance
State-owned banks identify $12 bn NPAs to be transferred to bad bank
Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (approximately $12.2 billion) ......
Finance
Punjab National Bank to buy stake in bad bank
Government-owned Punjab National Bank (PNB) on Saturday said it will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company ......
Finance
SBI stressed assets specialist set to become first CEO of proposed bad bank
State Bank of India’s (SBI) Padmakumar Madhavan Nair has been appointed as chief executive officer of a bad bank or ......
Finance
Covid dents Edelweiss ARC's debt purchase by at least 40%
Financial services major Edelweiss group’s asset reconstruction company is expected to see a dip in debt purchase and recoveries this ......
General
Grapevine: JM Baxi, others eye SCI privatisation; KKR, others may join bad bank
The United States-based Safesea Group and ship operator JM Baxi & Co have submitted expressions of interest (EoIs) to participate ......
Finance
Big bad bank won't crowd out little guys: Experts
The bad bank or the government asset reconstruction company proposed earlier this month won’t crowd out private-sector ARCs in India, ......
Finance
We have seen normalcy return since December: Aswini Sahoo, Arcil
After a pause on bad loan purchases and recoveries during the pandemic, India’s oldest asset reconstruction company Arcil hopes to ......
Finance
Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs
India will soon set up the long discussed ‘bad bank’ or an asset reconstruction company (ARC) to address rising non-performing ......
Finance
Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event
As lenders urge the government for a bad bank anticipating a further surge in soured debt due to coronavirus, asset ......
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