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

Finance

21 September, 2022

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 crore to private equity firm JC ......

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

Finance

19 July, 2022

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, Prashant ......

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Future Group's lenders reject Reliance offer over valuation

Consumer

22 April, 2022

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 a proposal to ......

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

TMT

10 August, 2021

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 their collection processes and reduce their non-performing ......

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

TMT

30 October, 2020

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

Analog Legalhub Tech Solutions Pvt Ltd, which operates bad loans recovery-focussed platform Credgenics, has raised Rs 24.8 crore ($3.3 million) ......

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

Finance

28 September, 2020

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 lender Lakshmi Vilas Bank a ......

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

Finance

25 August, 2020

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 segment, located a notch above typical ......

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

Finance

14 July, 2020

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 the industry ......

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JM Financial arm marks first close of debut stressed assets fund

Finance

04 June, 2020

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 distressed assets fund. JM ......

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

Finance

04 June, 2020

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 trillion ($40 billion) ......