President Biden is relying on repeating his core messages of patriotism, growing the economy “from the middle out and the bottom up,” and h...

$210-bn opportunity has led to joint ventures or stressed asset funds being set up.

Known for its deals in the distressed debt space, Avenue Capital will pump in about Rs 1,000 crore to acquire the stake, said one of the pe...

The passage of the IBC in 2016 has led to a fire sale of sorts and some of the marquee assets of India Inc are suddenly available at a huge...

India’s banks are weighed down with $180 billion of stressed assets, acting as a brake on the growth prospects of the world’s fastest-expan...

The non-performing loans, or accounts where borrowers have missed their repayments on due date, touched a 12-year high of 7.6% of loan book...

“Encore has received an approval from the RBI for setting up an ARC," said Encore official in an email reply to ET. Fortune Financial did n...

Speaking at an event in Bengaluru, RBI governor Raghuram Rajan had said, “We will shortly license a number of new ARCs to provide a deeper ...

We are also working on a framework to enhance efficiency and transparency of price discovery in sale of stressed assets by banks to ARCs,” ...