Beena Parmar
Finance
RBI creates $66 mn fund to boost digital payments in smaller cities
The Reserve Bank of India has created a Rs 500-crore ($66 million) Payments Infrastructure Development Fund to facilitate digital payments ......
Finance
JM Financial arm marks first close of debut stressed assets fund
The credit alternatives arm of the JM Financial Group has marked the first close of its debut distressed assets fund. JM ......
Finance
Lenders seek RBI nod to recast over $40 bn potential NPAs
Lenders have sought permission from the Reserve Bank of India (RBI) to restructure loans worth Rs 3 trillion ($40 billion) ......
Finance
Coronavirus, IBC suspension to drag down realisations for creditors: ICRA
The coronavirus pandemic and the suspension of new proceedings under the Insolvency and Bankruptcy Code (IBC) will likely drag down ......
Finance
How insolvencies climbed across sectors before India locked down to fight virus
The manufacturing and real estate sectors accounted for three-fifths of new insolvencies in the three months through March even before ......
Infrastructure
Jet Airways racks up long queue of suitors; 3 even come back to propose
Bankrupt Jet Airways (India) Ltd has received expressions of interest from at least eight entities including two financial services firms ......
Infrastructure
Ascent Capital exits another legacy portfolio company
Indian mid-market private equity firm Ascent Capital has fully exited a 13-year-old publicly listed company, as it continues to clean ......
Infrastructure
IL&FS gets court nod to sell GIFT City stake to Gujarat govt
Infrastructure Leasing & Financial Services Ltd (IL&FS) has received an insolvency court’s approval to sell its 50% stake in Gujarat ......
Finance
As companies hit the rocks and sink, lenders scour the wreck and get zilch
The liquidation process under the bankruptcy law has eroded almost 99% of the value of claims made for the 69 ......
Finance
Recovery under bankruptcy law shows big jump but Jaypee Infratech skews the picture
The amount recovered under the Insolvency and Bankruptcy Code (IBC) jumped 13 times sequentially in the January-March quarter and rose ......
