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Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%Whether the market is in the grip of bulls or bears, always be cautious and selective. Now, when the street is bearish and in the red, you ...- NCLAT admits SBI plea against Lavasa ResolutionThis is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be...
- NARCL's federal guarantee comes through after delay"The guarantee has been approved by the department of financial services (DFS) earlier this week. It is now expected that NARCL will comple...
- Ahmedabad company makes a binding offer for Rainbow Papers' loansAs per the terms of the offer, six lenders have jointly agreed to sell their outstanding debt of ₹873 crore for ₹160 crore, equating to a 1...
- NARCL progress hit on government guarantee delay"The guarantee is a big issue no doubt but the fact of the matter is that NARCL has taken too long to conduct due diligence and make concre...
- PSU banks list assets for sale to NARCL after finance ministry nudgeFollowing a nudge from the finance ministry last fortnight, most govt-owned banks identified companies they would prefer to sell to Nationa...
- NARCL to step up acquisitions of distressed assets in FY24National Asset Reconstruction Co Ltd (NARCL) aims to acquire ₹30,000 crore of Srei Equipment Finance and Srei Infrastructure Finance loans ...
- NARCL set to acquire debt of Dharani SugarsNARCL's ₹222.5 crore binding offer had triggered a Swiss Challenge auction which was scheduled on March 17. Lenders did not receive any cou...
- NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auctionLast month NARCL accelerated the pace of its activities after struggling for over a year to acquire bad loans. It has offered to buy six lo...
- NARCL to make its first acquisition in Jaypee InfratechLenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In t...
- Bad bank plans to buy 18 distressed a/cs totalling Rs 39,921 crore by October 31NARCL has engaged consultants such as EY, PwC, Alvarez and Marsal, KPMG, Grant Thornton to conduct due diligence for the 18 accounts. It wi...
- Fin Min asks banks to sell at least 3 accounts to NARCL by Oct-endFurther, lead banks will seek consent from member banks to sell another 15 shortlisted accounts, including Jaypee Infratech, Srei Infrastru...
- India's bad bank NARCL proposes to buy 5 distressed loan accountsThe government-owned asset reconstruction company (ARC) made the proposal in a recent letter to lenders, they said, adding that the fifth c...
- NARCL offers too low, feel bankersIn the case of CCC, bankers were stunned to receive a ₹60 crore bid for a total of ₹2,623 crore outstanding dues, a less than 3% recovery f...
- Lenders seek clarity from bad bank over invoking guaranteesThe subject has assumed importance because banks have never invoked a government guarantee in the past. Senior bank officials conveyed thei...
- Future, Srei Cos among 17 accounts in NARCL's buy listThe largest account on the list is Srei Equipment Finance with an outstanding loan of Rs 22,485 crore. The list also includes Srei Infrastr...
- Loans of Jaypee Infra, VOVL and GTL among 15 that may be sold to bad bankVideocon Industries affiliate VOVL Ltd, real estate company Jaypee Infratech, telecom infrastructure provider GTL Ltd, Visa Steel and Meena...
- LIC’s Rs 11,000-crore exposure to DHFL, Reliance Cap, Sintex defaults in H1 FY20With AUM of Rs 30 lakh crore, LIC is the largest domestic institutional investor.
- India's war on world’s worst bad-debt pile stalled by regulatorsTime-bound resolutions under bankruptcy law are the key to cleaning up $190 billion stressed loans quickly.
- 2018-2019: A see-saw, hee-haw journeyWithout pitching one thing against another, we’ll be even more muddled in this soup than we already are.
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