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

Finance

28 January, 2022

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 problem in India, is set to ......

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

Finance

07 June, 2021

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 (approximately $12.2 billion) ......

Punjab National Bank to buy stake in bad bank

Finance

07 June, 2021

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-be-set-up National Asset Reconstruction Company ......

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

Finance

12 May, 2021

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 ......

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

Finance

17 March, 2021

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 ......

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

General

02 March, 2021

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 interest (EoIs) to participate ......

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

Finance

18 February, 2021

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, ......

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

Finance

09 February, 2021

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 reconstruction company Arcil hopes to ......

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

Finance

01 February, 2021

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 address rising non-performing ......

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

Finance

06 August, 2020

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

As lenders urge the government for a bad bank anticipating a further surge in soured debt due to coronavirus, asset ......