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..

Deadline for periodic KYC update extended till March 31

Deadline for periodic KYC update extended till March 31

With uncertainty prevailing due to the Omicron variant of Covid-19, the Reserve Bank of India (RBI) ..

RBI extends restrictions on PMC Bank till end-March

RBI extends restrictions on PMC Bank till end-March

The restrictions on Punjab and Maharashtra Co-operative (PMC) Bank will continue for another three m..

Yes Bank looks to close ARC partner in 60 days

Yes Bank looks to close ARC partner in 60 days

Private sector lender Yes Bank is expecting to finalise partners for setting up an asset reconstruct..

Banks can sell fraud loans to ARCs: RBI

Banks can sell fraud loans to ARCs: RBI

The Reserve Bank of India (RBI) has allowed lenders to sell loans classified as fraud to asset recon..

SBI Card looks to sell Rs 200 cr of bad loans to ARCs in Q2

SBI Card looks to sell Rs 200 cr of bad loans to ARCs in Q2

SBI Cards & Payment Services (SBI Card), India’s only listed pure-play credit card company, is s..

ARCs to find space in MSME, retail assets

ARCs to find space in MSME, retail assets

Even as India’s bad bank takes shape and NARCL looks to handle big-ticket corporate loans, asset rec..