NPA
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 crore to private equity firm JC ......
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, Prashant ......
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 a proposal to ......
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 their collection processes and reduce their non-performing ......
TMT
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) ......
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 lender Lakshmi Vilas Bank a ......
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 segment, located a notch above typical ......
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 the industry ......
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 distressed assets fund. JM ......
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 trillion ($40 billion) ......