The mall was bought in an auction conducted by JM Financial Asset Reconstruction Company Business Standard, 3 weeks ago
2 images for "reconstruction of financial assets"
A new framework will be in place for listing of security receipts issued by asset reconstruction companies on stock exchanges in the next financial year, Sebi chief U K Sinha said at the 11th Digital India summit here.DNA, 2 months ago
By Accommodation Times Bureau Assets reconstruction companies are established under RBI’s license to reconstruct and repurchase NPAs from Banks and NBFC. These companies are allowed to purchase Non performing Assets (NPA) from financial institutions.Accommodation Times, 3 weeks ago
'I don't understand why a bank should be owned by the government.' 'You can create a bad bank and move all the bad assets there and clean-up the balance sheet.' 'There are plenty of opportunities in India' Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co (KKR), thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO ...Rediff.com, 1 week ago Bad bank could be alternative for large bank NPAs: Jaitley Deccan Herald, 1 month ago
From liquidity, monetary policy operations to financial inclusion, know about RBI monetary policy Liquidity and monetary policy operations Repo rate kept unchanged at 6.25% Policy rate corridor for repo rate reduced from +/- 50 basis points (bps) to +/- 25 bps Reverse repo rate increased by 25 bps to 6% from 5.75% Marginal Standing Facility (MSF) rate reduced by 25 bps to 6.5% RBI to employ a mix of instruments to ensure liquidity Government examining introduction of Standing Deposit Facility ...Rediff.com, 3 weeks ago
It is a national economic problem and one that requires a political solution hand in hand with a clear government commitment to stand behind core national assets, says Vinayak Chatterjee. India’s bad loan problem continues to keep policymakers awake at night. The most comprehensive overview of it, as well as a proposed solution, has been presented in the recent Economic Survey, which addressed a whole chapter to this “twin balance sheet” issue - the dual problem of tottering ...Rediff.com, 3 weeks ago
Even as the deadline to clean up bad loans approaches with the financial year end, banks are likely to see only a 50 percent success in their asset sales worth Rs 15,000 crore to asset reconstruction companies (ARCs) due to pricing mismatch and legal recovery ...Money Control, 1 month ago
Hit hard by rising bad loans, country's oldest financial institution IFCI has set an ambitious recovery target of Rs 600 crore for the current quarter as part of the exercise to strengthen its balancesheet. In the first 9 months of the current fiscal, the ...Business Standard, 2 months ago
Finance Minister Arun Jaitley will chair a high-level meeting with Reserve Bank officials 10 March , 2017 to address the issue of non-performing assets in the banking sector. The meeting, which will also be attended by Financial Services Secretary Anjuly Chib ...catchnews.com, 1 month ago Majors decisions taken as Arun Jaitley addressed members of the SEBI Board Sify, 2 months ago
Minister of State in the Ministry of Finance, Santosh Kumar Gangwar, revealed in Rajya Sabha on Tuesday that Public Sector Banks (PSB) recorded a moderate decline of Rs. 2,556 Crore in recovery of Non-Performing Assets (NPA).During FY 2015 and FY 2016 PSBs ...Business Standard, 2 months ago
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