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Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs

Finance

Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs

India will soon set up the long discussed ‘bad bank’ or an asset reconstruction company (ARC) to...

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In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

Finance

In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

In May 2020, two people in the know told VCCircle that lenders are reconsidering the option of a so-...

Banks weigh Sashakt panel-proposed fund to turn around stressed assets

Finance

Banks weigh Sashakt panel-proposed fund to turn around stressed assets

Indian banks have revived discussions on setting up an asset management company and an alternative ...

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India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

Finance

India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

In early July, a panel led by Sunil Mehta, non-executive chairman at Punjab National Bank, proposed ...

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Project Sashakt panel engages with PE funds for AIF as investors seek clarity

Finance

Project Sashakt panel engages with PE funds for AIF as investors seek clarity

A committee of bankers tasked with implementing Project Sashakt to ease the pile of bad loans on ...

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How PE funds, foreign banks are changing tack in battle for stressed assets

Finance

How PE funds, foreign banks are changing tack in battle for stressed assets

When Indian authorities started cracking down on banks’ bad loans two years ago, several private ...

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Project Sashakt: Will PE investors warm up to the new plan to tackle bad loans?

Finance

Project Sashakt: Will PE investors warm up to the new plan to tackle bad loans?

Indian banks are sitting on a mound of toxic loans--a Rs 10 trillion hazard that could swallow large...