NPAs
Finance
Post-pandemic hope drives half-dozen NBFCs to public markets
Hope of a post-pandemic rebound is driving a flock of non-banking financial companies to the public markets, with at least ......
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
Central bank sets up committee to review ARCs' role
The central bank has set up a six-member committee to review the working and business models of asset reconstruction companies ......
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 ......
Finance
Tano Capital, Apax Partners sell stakes in Mumbai based private lender
India and China based Tano Capital has turned in 3.5X returns from the sale of the bulk of its stake ......
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
CSB Bank chief CVR Rajendran on transforming into a new private sector bank
Fairfax-controlled CSB Bank, earlier known as Catholic Syrian Bank, is preparing to play a larger role in the country’s banking ......
Infrastructure
JC Flowers ARC, Cantor Fitzgerald mop up debt of road developer at huge discount
JC Flowers Asset Reconstruction Company (JCFARC) has teamed up with New York headquartered financial services firm Cantor Fitzgerald to acquire ......
Finance
Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year
In early March, three weeks before most of India went into a lockdown to fight the coronavirus pandemic, the Reserve ......
Finance
Indiabulls group looks to sell ARC arm as pandemic bites
Indiabulls group has decided to put up its four-year-old asset reconstruction company (ARC) for sale as it looks to exit ......
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