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PNB Q4 net profit rises 14% YoY to ₹5,225 crore; targets ₹2 lakh crore digital book in FY27Punjab National Bank is seeing strong digital growth, sanctioning one in three loans digitally and crossing ₹1 lakh crore in digital sancti...- Adani Enterprises gets NCLT nod for JAL takeoverThe National Company Law Tribunal has officially sanctioned Adani Enterprises' acquisition of Jaiprakash Associates, marking a historic mom...
- NARCL plans to separate sustainable part of Simplex Infrastructures debtNARCL had acquired the loan in cash and security receipts (SRs) for Rs 640 crore earlier this year. The state-backed bad bank had bought th...
- ARC assets set to drop 7-10% this FY amidst stiff competition from NARCL: CRISILCompetition from the National Asset Reconstruction Co Ltd (NARCL) and fewer opportunities for acquiring non-performing assets are expected ...
- NARCL makes binding bid for Essel Infra's road project debtThe National Asset Reconstruction Company of India (NARCL) has offered to acquire ₹271 crore in debt from the Ludhiana Talwandi Toll Road (...
- Finance minister Nirmala Sitharaman likely to meet PSU bank chiefs this weekFinance Minister Nirmala Sitharaman is set to meet with CEOs of state-run banks to assess their performance on government schemes and addre...
- Finance minister Niramala Sitharaman to meet heads of PSBs on Sat; review progress of implementation of govt schemesFinance Minister Nirmala Sitharaman is set to meet managing directors of public sector banks (PSBs) to review their financial performance. ...
- MoF to meet PSB chiefs over IBC resolution delaysAccording to the IBBI data, 67% of the insolvency cases where the resolution process was ongoing until September 2023 have exceeded the 270...
- NARCL offers to buy Rs 1,100 crore loans of Parenteral DrugsNARCL has offered ₹45 crore against a claim of ₹1,173 crore that these two banks have filed with the resolution professional, according to ...
- Vedanta's Rs 1,143-cr offer highest for Meenakshi EnergyThe resolution professional set a threshold price of ₹1,143 crore - the price at which Vedanta submitted a bid. JPSL had previously offered...
- NARCL gives binding offer of Rs 600 crore for Rolta's local debtPromoted by Kamal Singh, Rolta India has an outstanding due of ₹5,712 crore with banks and senior notes (overseas borrowings) of ₹3,382 cro...
- NARCL makes offers to PSU lenders for Jaypee Infratech debtNARCL's ₹3,570-crore offer for the ₹9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge auction. Lenders le...
- Out of PCA, Central Bank aims for below 10% NPA in three monthsThe state-owned bank is carrying a gross NPA burden of ₹29,000 crore, which is 14.9% of its outstanding loan portfolio. The Reserve Bank of...
- NARCL can better its offers after changes in valuation methodIn the case of Rainbow Papers, a revised bid has already been finalised. Local valuation firm Kakode and Associates (K&A) replaced a multin...
- Bad loans of banks expected to decline further to 5.3% by March 2023: RBI report"Under the assumption of no further regulatory reliefs as well as without taking the potential impact of stressed asset purchases by NARCL ...
- FM Nirmala Sitharaman to review NPA above Rs 100 crore on June 20In PSB Manthan 2022, held in April, banks were asked to set up a three-year roadmap to improve their performance and competitiveness. Banks...
- PSBs to be in focus during Budget as market eyes divestments, development on NPAsThe government has announced that it will be divesting from many public sector banks. The government wants to keep just a few ‘strategic’ b...
- Asset Reconstruction Company to quicken bad loan resolutions: RBI reportNARCL is one of the two legs of the proposed Bad Bank by the government. The other one is an asset management company called - India Debt R...
- The good, bad & agla steps: Looks like there's only one way India's bad bank could workThe bad bank should not be a one-off deal to clean up banks' books. Loans will grow, new bad loans will creep in, and banks’ appetite for c...
- Will the bad bank be able to fix one of the world's worst toxic loan pile?NARCL-IDRCL will provide a very promising proposition for the entire Indian banking system, which would benefit in two ways. First, by sell...
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