ARCs expect around 20% return on investments in BMM Ispat sticky loansEdelweiss ARC and IndoStar Capital bought loans at about Rs 1,500 crore
How a bad loan sale revived a company's fortuneEdelweiss ARC is expecting at least 50% returns on the investment after taking over the bad loans of BMM Ispat.
We see huge opportunities for ARC business in India: RK Bansal, Edelweiss ARCBiggest victory of IBC is people will try to resolve the problem much earlier in future, says Bansal.
We will raise Rs 8,000 cr in equity and Rs 28,000 cr in debt: RK Bansal, CFO, IDBI BankFresh accretion to NPAs would be less compared to last year and some of these cases will resolved, leading to upgradation
IDBI Bank to raise 8,000 crores into equity and 28,000 crores in debt: RK Bansal, CFONow debt basically can be raised through senior debt, infrastructure bonds, tier II bonds, tier I bonds. So it is a mix of all types of ins...
- Buy DLF, target Rs 140: Rakesh Bansal
The stock has hit a high of Rs 133 and low of Rs 131.80 in trade so far. The stock has been moving above its crucial moving averages.
- Buy Tata Steel, target Rs 359: Rakesh Bansal
The stock has hit a high of Rs 335.70 and low of Rs 331 in trade so far. The stock has seen some momentum.
- Sell Cipla, target Rs 443: Rakesh Bansal
Cipla is a low beta stock (-0.15) and is trading well below its 50-day, 100-day and 200-day moving averages of Rs 515.44, Rs 537.15 and Rs ...
- Buy Tata Motors DVR with a target at Rs 323: Rakesh Bansal
The DVR had been seeing good demand in trade after the after the automaker reported almost double-digit growth in sales for April on a year...
- Buy Hindustan Zinc with a target at Rs 189: Rakesh Bansal
Bansal has advised traders to buy the stock with a stop loss placed at Rs 167.50. The stock has fallen about 5 per cent in the past one mon...
High exposure to steel industry a big worry for banks: RK Bansal, IDBI Bank"However, the government's thrust on increasing import duty as well as the clarity on coal and iron ore should make things improve a bit."
ECIL hands over critical nuclear monitoring equipment to JNPTThe equipment helps monitor the transport of illicit nuclear material at entry and exit points of the country to tackle increasing nuclear ...
Trying to reduce exposure to corporate sector: RK Bansal, IDBI BankNII has gone up from Rs1211 crore to Rs1440 crore during the quarter and it is almost 10% increase. If you see for the year, it has gone up...
- Credit growth could range between 15-16% for banking sector: RK Bansal, IDBI Bank
In an interview with ET Now, RK Bansal, ED, IDBI Bank, shares his outlook for the banking sector. Excerpts:
- IDBI ups education loan rates, term deposits
Public sector lender IDBI Bank today hiked interest rates for select category of educational loans and also retail term deposit rates by up...
- Inquiry report of booth scam probe indicts minister, top cops
Top Congress leadership, including Union minister, along with Chandigarh police officials and UT Estate Office, have come under scanner in ...
- IDBI Bank to merge home loan arm with itself
The state-run IDBI Bank on Thursday said it will merge its Pune-based wholly-owned home-loan subsidiary IDBI Homefinance with itself to con...