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Yes Bank gives nod for sale of NPA portfolio to JC Flowers

Finance

Yes Bank gives nod for sale of NPA portfolio to JC Flowers

Private lender Yes Bank's board has approved the transfer of stressed assets worth ₹48,000 ...

Yes Bank to pay Rs 350 crore for JC Flowers ARC deal

Finance

Yes Bank to pay Rs 350 crore for JC Flowers ARC deal

Yes Bank to invest about Rs 350 crore for a 20% stake in JC Flowers Asset Reconstruction Pvt Ltd, ...

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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...

Westbridge, others invest Series A money in debt recovery platform Credgenics

TMT

Westbridge, others invest Series A money in debt recovery platform Credgenics

New Delhi based Credgenics, which helps banks and NBFCs (non-banking financial companies) streamline...

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 ...

RBI names panel to run Lakshmi Vilas Bank after shareholders reject board reappointments

Finance

RBI names panel to run Lakshmi Vilas Bank after shareholders reject board reappointments

The central bank on Sunday announced a panel that would oversee operations of old private-sector ...

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Company Watch: Can PE-backed Veritas Finance lift profitability, asset quality?

Finance

Company Watch: Can PE-backed Veritas Finance lift profitability, asset quality?

Veritas Finance Pvt. Ltd was founded in 2015 to finance the “missing middle”.  This target ...

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Banks scramble to beef up defences as coronavirus threatens to sour loan books

Finance

Banks scramble to beef up defences as coronavirus threatens to sour loan books

Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as ...

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JM Financial arm marks first close of debut stressed assets fund

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 ...

Lenders seek RBI nod to recast over $40 bn potential NPAs

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 ...