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BAD LOAN AGGREGATOR
Central Bank of India targets over Rs 3,500 crore bad-loan recovery in FY27Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth manag...- The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
- JM Financial ARC top bidder for Rs 971-cr DLI debtJM Financial ARC has emerged as the preferred bidder for Distribution Logistics Infrastructure Pvt Ltd's Rs 971 crore debt, offering Rs 621...
- Indian banks remain stable despite margin pressure after RBI rate cut: ReportIndian banks are financially stable. Bad loans are under control. Profit margins face pressure from recent interest rate cuts. Banks are fo...
- Gold loans power Small Finance Banks' growth as microfinance asset quality weakensSmall Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. T...
- India must leverage its digital verification architecture to evolve into a trust-based economyIndia faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this ...
- Canara Bank invites bids for Rs 509 crore loan of Rajesh ExportsCanara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move com...
- These 6 banking stocks have an upside potential of up to 24% in 1 year, according to analystsThe news flow is mixed in the case of banking stocks. The numbers so far this quarter suggest that all is well with the sector and banks ar...
- These 9 banking stocks have an upside potential of up to 27% in 1 year, according to analystsWe are in times when a statement by US President Trump can cause crude oil prices to drop sharply and another by Iran can push them back up...
- NARCL to take over Rs 1000 crore Kay Bouvet debtNational Asset Reconstruction Co Ltd, or NARCL, will acquire the Rs 1000 crore debt of Kay Bouvet Engineering. Banks sought challenging bid...
- NARCL set to acquire debt of Kay Bouvet EngineeringSpecialised equipment maker Kay Bouvet Engineering's Rs 1,000 crore debt is poised for takeover by NARCL. Banks will see a 13% recovery thr...
- 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...
- Acre ARC wins bid to take over Essel Groups' bad loansAcre ARC, backed by Ares SSG, has won bids to acquire ₹1,350 crore of debt from Essel Group and ₹2,613 crore of retail and SME loans from J...
- NARCL to take over debt of Sri Govindaraja for Rs 270 croreNational Asset Reconstruction Co (NARCL) is poised to acquire the troubled textile company Sri Govindaraja Mills. NARCL's offer of ₹270 cro...
- NARCL receives four bids for debt takeover of Sion Panvel Tollways in MumbaiNational Asset Reconstruction Co (NARCL) has received four expressions of interest for a second round of bidding to take over the debt of S...
- NARCL gets ₹ 15,300-crore blanket guarantee to tackle bad loansThe approval means commercial banks can now fall back on government guarantees, which will back stop security receipts (SRs) to be issued b...
- Setting up the bad loans aggregator: NARCL sponsor Canara to put in up to 12% equityAll equity investors besides Canara will hold less than 10% to ensure diversified ownership. In the initial plan, 11 shareholders were expe...
- RBI ready to examine if there is govt proposal for bad bank, says Governor DasDas said that the setting up of a bad bank to tackle the high non-performing loan problem in the financial system has been under discussion...
- Banks warm up to block sale of bad loans to asset reconstruction companiesIn the first quarter of this year, banks off-loaded Rs 30,000 crore of outstanding loans that are classified as stressed loans.
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