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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 ......