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Post-pandemic hope drives half-dozen NBFCs to public markets

Finance

20 May, 2021

Post-pandemic hope drives half-dozen NBFCs to public markets

Hope of a post-pandemic rebound is driving a flock of non-banking financial companies to the public markets, with at least ......

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 ......

Central bank sets up committee to review ARCs' role

Finance

20 April, 2021

Central bank sets up committee to review ARCs' role

The central bank has set up a six-member committee to review the working and business models of asset reconstruction companies ......

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Covid dents Edelweiss ARC's debt purchase by at least 40%

Finance

17 March, 2021

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 in debt purchase and recoveries this ......

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Tano Capital, Apax Partners sell stakes in Mumbai based private lender

Finance

08 March, 2021

Tano Capital, Apax Partners sell stakes in Mumbai based private lender

India and China based Tano Capital has turned in 3.5X returns from the sale of the bulk of its stake ......

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Big bad bank won't crowd out little guys: Experts

Finance

18 February, 2021

Big bad bank won't crowd out little guys: Experts

The bad bank or the government asset reconstruction company proposed earlier this month won’t crowd out private-sector ARCs in India, ......

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CSB Bank chief CVR Rajendran on transforming into a new private sector bank

Finance

01 February, 2021

CSB Bank chief CVR Rajendran on transforming into a new private sector bank

Fairfax-controlled CSB Bank, earlier known as Catholic Syrian Bank, is preparing to play a larger role in the country’s banking ......

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JC Flowers ARC, Cantor Fitzgerald mop up debt of road developer at huge discount

Infrastructure

05 January, 2021

JC Flowers ARC, Cantor Fitzgerald mop up debt of road developer at huge discount

JC Flowers Asset Reconstruction Company (JCFARC) has teamed up with New York headquartered financial services firm Cantor Fitzgerald to acquire ......

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Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

Finance

29 December, 2020

Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

In early March, three weeks before most of India went into a lockdown to fight the coronavirus pandemic, the Reserve ......

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Indiabulls group looks to sell ARC arm as pandemic bites

Finance

26 November, 2020

Indiabulls group looks to sell ARC arm as pandemic bites

Indiabulls group has decided to put up its four-year-old asset reconstruction company (ARC) for sale as it looks to exit ......