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Future Group's lenders reject Reliance offer over valuation

Consumer

Future Group's lenders reject Reliance offer over valuation

A clutch of lenders accounting for most of the loans to debt-laden Future Group on Thursday rejected...

Indian banks may face headwinds from Russia-Ukraine crisis: S&P

Economy

Indian banks may face headwinds from Russia-Ukraine crisis: S&P

Indian banks may face some headwinds from the Russia-Ukraine crisis, which could lead to higher ...

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 (...

RBI expands borrowers limit to Rs 50 crores

Finance

RBI expands borrowers limit to Rs 50 crores

The Reserve Bank of India (RBI) on Friday expanded the borrowing limit to Rs 50 crores for small ...

Premium
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 ...

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...

Snapdeal founders, others invest in bad loans recovery-focussed Credgenics

TMT

Snapdeal founders, others invest in bad loans recovery-focussed Credgenics

Analog Legalhub Tech Solutions Pvt Ltd, which operates bad loans recovery-focussed platform ...

Premium
Top executive quits Ares SSG-backed asset reconstruction firm

Finance

Top executive quits Ares SSG-backed asset reconstruction firm

The chief executive and managing director of an asset reconstruction firm, backed by alternative ...

Farmers turn to moneylenders as banks shun risk amid pandemic

General

Farmers turn to moneylenders as banks shun risk amid pandemic

Last month, Dnyaneshwar Siddhanth, a farmer from India’s western state of Maharashtra, was in ...