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NARCL to buy Kurukshetra e-way debtIn a significant move towards debt resolution, the government-supported NARCL is set to take over KEPL's outstanding ₹1,500 crore debt for ...- NARCL to buy Kurukshetra e-way debt"Banks are in the process of signing final documents in the KEPL case, while in the case of BLA, too, there was no one who turned up in the...
- PSU Bad bank, ARC reforms are awaited as NPA threat loomsEven as the wait goes on for the National Asset Reconstruction Company (NARC), or 'bad bank', which was announced in the previous Union Bud...
- Five foreign investors shortlisted for majority stake in Yes Bank-backed ARCYes Bank will likely hold a minority share in the proposed ARC in line with Reserve Bank of India (RBI) directions. The selected investor i...
- Explained | What is a bad bank and why you should care about itThe government said banks have identified bad loans worth Rs 2 lakh crore, which will be shifted to the NARC for resolution, and nearly Rs ...
- Lenders set up bad bank for loans in defaultIn May, banks decided to appoint Padmakumar M Nair, chief general manager in charge of stressed assets in SBI, as the MD of the NARC. Accor...
- Asset quality concerns remain, bad bank to lessen the burden, says BCGAsset quality is still a major concern for many Indian banks even as non-performing assets (NPA), on average, could be contained, the globa...
- Strict timeline to be set to resolve bad loans sold to NARCLMoreover, the guarantee will lapse if resolutions are not completed within five years, these people said. SRs are issued by ARCs in cases w...
- Union Bank of India swings to profit, to sell Rs 7,800 cr loans to NARCProvisions for bad loans fell 65% to Rs 3850 crore in March 2021 from Rs 10,847 crore a year ago as asset quality improved.
- Bad bank chief: Government again taps SBI’s talentThe government has been repeatedly tapping into SBI’s talent pool for key appointments in the public sector. Last year, in the aftermath of...
- SBI's Padma Nair to be NARC's first CEOThe NARC will aggregate the bad loans and transfer them to a step-down asset management company (AMC) which will manage the assets for sale...
- Bad loan companies seek level playing fieldThe Association of ARCs in India recently responded to the RBI’s call for suggestions to overhaul their structure in the country. ARCs were...
- PSBs will only lead bad bank, pvt banks also need to support it: SBI MDIf all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per ce...
- Yes Bank not to sell bad loans to NARCThe bank, meanwhile, is pursuing its objective of owning a majority stake in an ARC and is waiting for the new set of guidelines from the R...
- Yes Bank says no to National Asset Reconstruction Company, says will pursue own NPA aggregatorAt the same time the bank is still pursuing its objective of a majority owned asset reconstruction company (ARC) and is waiting for the new...
- Bad bank to get Rs 2 lakh crore of defaulting companies’ loansThe association has identified 102 corporate bad loans, totalling to Rs 2 lakh crore, where the amount outstanding in each is over Rs 500 c...
- Fraudulent loans cannot be sold to bad bank: RBIThe RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set u...
- Private asset rejig companies will need cash to boost bad loans businessAccording to banking sources, lenders have already identified corporate loans of over Rs 1.5 lakh crore to be transferred to the NARC, whic...
- View: Mega plans unleashed in the Budget to spur growth, now it's all about executionOverall, the budget will be remembered for many path-breaking reforms to spur growth. With the right policy initiatives, the focus should n...
- India, Nepal to boost agricultural cooperationPM Narendra Modi and his counter-part Oli agreed to give fresh momentum to bilateral cooperation in the agricultural sector and decided to ...
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