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India's 'bad bank' sees loan transfers dwindle on valuation, liability woes

Finance

14 August, 2023

India's 'bad bank' sees loan transfers dwindle on valuation, liability woes

India's so-called 'bad bank' set up to buy legacy stressed loans from the country's lenders has seen such purchases grind ......

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Grapevine: TVS shelves EV fundraising; SBI rejects NARCL offer for NPA portfolio

General

03 July, 2023

Grapevine: TVS shelves EV fundraising; SBI rejects NARCL offer for NPA portfolio

Two-wheeler maker TVS Motor Company Ltd has put its fundraising plans on the backburner, a media report said, citing multiple ......

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Grapevine: Sajjan Jindal owned firm seeks new deal; BASF eyes Indian spacetech firm

General

14 June, 2023

Grapevine: Sajjan Jindal owned firm seeks new deal; BASF eyes Indian spacetech firm

A private company owned by business tycoon and JSW Group chairman Sajjan Jindal, is looking to buy into an internationally-headquartered ......

Punjab National Bank to buy stake in bad bank

Finance

07 June, 2021

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 ......

SBI stressed assets specialist set to become first CEO of proposed bad bank

Finance

12 May, 2021

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 ......