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Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

Finance

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

National Asset Reconstruction Company Ltd (NARCL), a government created entity to tackle bad loan ...

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Finance

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (...

Punjab National Bank to buy stake in bad bank

Finance

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-...

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

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...

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Covid dents Edelweiss ARC's debt purchase by at least 40%

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 ...

Grapevine: JM Baxi, others eye SCI privatisation; KKR, others may join bad bank

General

Grapevine: JM Baxi, others eye SCI privatisation; KKR, others may join bad bank

The United States-based Safesea Group and ship operator JM Baxi & Co have submitted expressions of ...

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Big bad bank won't crowd out little guys: Experts

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 ...

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We have seen normalcy return since December: Aswini Sahoo, Arcil

Finance

We have seen normalcy return since December: Aswini Sahoo, Arcil

After a pause on bad loan purchases and recoveries during the pandemic, India’s oldest asset ...

Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs

Finance

Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs

India will soon set up the long discussed ‘bad bank’ or an asset reconstruction company (ARC) to...

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Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event

Finance

Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event

As lenders urge the government for a bad bank amid expectations of a surge in soured debt due to ...