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In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

Finance

07 August, 2020

In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

In May 2020, two people in the know told VCCircle that lenders are reconsidering the option of a so-called “bad ......

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Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta

Finance

04 March, 2019

Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta

It has been a year since Punjab National Bank (PNB) revealed that two jewellery groups had swindled the state-run lender ......

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India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

Finance

03 September, 2018

India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

In early July, a panel led by Sunil Mehta, non-executive chairman at Punjab National Bank, proposed a five-pronged Project Sashakt ......

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Project Sashakt panel engages with PE funds for AIF as investors seek clarity

Finance

30 August, 2018

Project Sashakt panel engages with PE funds for AIF as investors seek clarity

A committee of bankers tasked with implementing Project Sashakt to ease the pile of bad loans on banks’ balance sheets ......