SBI ‘okay’ with lowering stake in Yes Bank to 26% by March 2023

SBI ‘okay’ with lowering stake in Yes Bank to 26% by March 2023

State Bank of India is ‘okay’ with lowering stake in Yes Bank to 26% by the end of the current finan..

ARCs eye stressed retail loans amid market changes

ARCs eye stressed retail loans amid market changes

Asset reconstruction companies (ARCs) are racing to acquire non-performing retail loans as they see ..

Yes Bank gets JC Flowers ARC to unload Rs 48,000 cr of bad loans

Yes Bank gets JC Flowers ARC to unload Rs 48,000 cr of bad loans

Yes Bank on Friday said it has signed a term sheet with JCF ARC LLC and JC Flowers Asset Reconstruct..

Ex-SBI executive joins NARCL as MD & CEO

Ex-SBI executive joins NARCL as MD & CEO

Former State Bank of India (SBI) deputy managing director and chief credit officer Natarajan Sundar ..

IDBI Bank sells entire 19% stake in ARCIL

IDBI Bank sells entire 19% stake in ARCIL

IDBI Bank has divested its entire stake of 19.18% in ARCIL to Avenue India Resurgence Pte. Ltd for a..

India’s arduous march from easy to hard money

India’s arduous march from easy to hard money

The Reserve Bank of India (RBI) allowed cheap money to continue for long. It didn’t matter that Indi..

PNB CEO speaks on rising rates, bad loans and NARCL

PNB CEO speaks on rising rates, bad loans and NARCL

Punjab National Bank (PNB) will reprice its lending and deposit rates, lower non-performing loans, e..

Yes Bank in wait of investor to set up ARC

Yes Bank in wait of investor to set up ARC

Yes Bank has returned to full-fiscal profitability since 2018-19 but the main issue of moving its ba..

Banks miss deadline to transfer Rs 50,000 cr of bad loans to NARCL

Banks miss deadline to transfer Rs 50,000 cr of bad loans to NARCL

Banks have failed to meet the 31 March deadline to transfer Rs 50,000 crore of bad loans to the Nati..

Punjab National Bank to consider debt raising plan for FY23 on 29 March

Punjab National Bank to consider debt raising plan for FY23 on 29 March

State-owned Punjab National Bank will convene a board meeting later this month to decide on its capi..

ICICI Bank to pick up 5% stake in NARCL

ICICI Bank to pick up 5% stake in NARCL

ICICI Bank will acquire 5% stake in National Asset Reconstruction Company Ltd (NARCL).On March 10, 2..

SBI plans to sell 6 NPA accounts to ARCs

SBI plans to sell 6 NPA accounts to ARCs

State Bank of India, which reported its highest quarterly net profit of Rs 8,431.9 crore for the Oct..

Bad bank to take in Rs 50,000 cr of stressed loans by March-end

Bad bank to take in Rs 50,000 cr of stressed loans by March-end

India’s bad bank is set to roll out operations after receiving all regulatory approvals and lenders ..

Yes Bank’s ARC plan and Q3 performance

Yes Bank’s ARC plan and Q3 performance

Yes Bank’s crucial step of transferring its entire bad loan book of about Rs 50,000 crore to an asse..

RBL Bank sets up search committee to find new CEO

RBL Bank sets up search committee to find new CEO

RBL Bank on Thursday said its board has constituted a search committee to identify a new managing di..