RBI extends deadline for stopping Paytm Payments Bank services to 15 March

RBI extends deadline for stopping Paytm Payments Bank services to 15 March

The Reserve Bank of India (RBI) on Friday gave a 15-day extension to Paytm Payments Bank for stoppin..

SBI’s burden due to increased salaries, pensions to reach Rs 26,000 crore by March

SBI’s burden due to increased salaries, pensions to reach Rs 26,000 crore by March

State Bank of India’s (SBI) outgo on account of increase in salaries and pensions will jump to aroun..

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

The Central Bureau of Investigation (CBI) has conducted searches at 13 locations in West Bengal and ..

Government renews guarantee of Rs 27,000 crore to NARCL

Government renews guarantee of Rs 27,000 crore to NARCL

After a gap, the government has renewed guarantees of Rs 27,000 crore to the state-backed National A..

Union Bank of India to sell 8 bad loan accounts worth Rs 3,000 cr to NARCL

Union Bank of India to sell 8 bad loan accounts worth Rs 3,000 cr to NARCL

Union Bank of India has identified eight stressed accounts worth Rs 3,000 crore to be sold in the cu..

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

The share of loans bearing over 9% interest rate rose to 56.1% in March 2023 from 31.4% a year ago, ..

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

Recoveries by asset reconstruction companies (ARCs) across retail loans such as housing and MSME hav..

After Hindustan Photo Films’ death, NCLT parcels land

After Hindustan Photo Films’ death, NCLT parcels land

For decades this company kept our memories alive through its photo films. Then the iconic Hindustan ..

ARCs to shift from corporate to retail and MSME loans

ARCs to shift from corporate to retail and MSME loans

The stressed assets opportunity for ARCs is shifting from corporate to retail and MSME loans.About a..

ARCs expected to grow 10% in FY23: Crisil report

ARCs expected to grow 10% in FY23: Crisil report

Assets under management (AUM) of asset reconstruction companies (ARCs) is expected to grow almost 10..

Stage set for consolidation in ARC sector

Stage set for consolidation in ARC sector

India has 28 asset reconstruction companies (ARCs), a lot too many to accommodate as they need to be..

Yes Bank acquires 9.9% stake in JC Flowers ARC

Yes Bank acquires 9.9% stake in JC Flowers ARC

Yes Bank has acquired a 9.9% stake in JC Flowers Asset Reconstruction Company (ARC) at Rs 11.43 per ..

RBI widens role of ARCs, raises minimum capital requirement

RBI widens role of ARCs, raises minimum capital requirement

The Reserve Bank of India (RBI) has raised the minimum capital requirement for asset reconstruction ..

Yes Bank approves sale of Rs 48,000-cr bad loans to JC Flowers ARC

Yes Bank approves sale of Rs 48,000-cr bad loans to JC Flowers ARC

Yes Bank’s board has approved the sale of stressed assets worth Rs 48,000 crore to JC Flowers ARC.Ye..

NARCL CEO to be paid Rs 1.7 crore a year: Report

NARCL CEO to be paid Rs 1.7 crore a year: Report

National Asset Reconstruction Co. Ltd (NARCL) will be paying its CEO a total remuneration of Rs 1.7 ..