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Finance
Distressed asset funds smell blood as coronavirus bites businesses
Even as the world trembles from Covid-19 and its effects on the economy, distressed asset investors are shaking with excitement ......
People
Blackstone's India bad loan arm plans to expand leadership team
Global private equity giant Blackstone plans to grow the leadership team at its asset reconstruction arm in India, a top ......
Finance
An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend
The number of companies dragged into bankruptcy courts jumped over the last two quarters, as creditors pressed the pedal to ......
General
Vijay Mallya appeals against extradition from Britain
Indian businessman Vijay Mallya launched an appeal in Britain’s High Court on Tuesday against a 2018 decision to extradite him ......
Finance
Lack of credit flow hurting economy, NPA issue overstated: Srei's Hemant Kanoria
Over the past few years, Kolkata-based Srei Group has gradually brought down its exposure to infrastructure financing. Instead, the group ......
Finance
Financial system stable despite weakening economic growth, says RBI
India's financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India (RBI) ......
Finance
RBI sees corporate governance ‘fault lines' at some lenders
Growing problems of corporate governance are emerging at India's private banks and all lenders are at risk of rising default ......
Finance
Flashback 2019: Stressed assets remain in focus on rising bankruptcies, new challenges
When everything else fails, pray. At least that’s what State Bank of India chairman Rajnish Kumar seems to believe. “Every morning ......
Finance
How RBI's new norms for ARCs may affect the bad-loan market
The Reserve Bank of India’s tightening of norms for asset reconstruction companies (ARCs) to buy bad loans may lead to ......
Finance
Banks' stressed assets pile eases aided by $30 bn in write-offs
Indian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to ......
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