PNB to pick stake in NARCL, transfer Rs 8,000 cr loans to bad bank

PNB to pick stake in NARCL, transfer Rs 8,000 cr loans to bad bank

Punjab National Bank (PNB) will have stake in the National Asset Reconstruction Company Ltd (NARCL) ..

RBI names six-member panel under Sudarshan Sen to review ARC norms

RBI names six-member panel under Sudarshan Sen to review ARC norms

The Reserve Bank of India has named a six-member committee under the chairmanship of Sudarshan Sen, ..

Retail inflation rises to 5.52% in March

Retail inflation rises to 5.52% in March

For the fourth consecutive month, retail inflation has fallen within the Reserve Bank of India’s upp..

RBI to set up panel to review working of ARCs

RBI to set up panel to review working of ARCs

The Reserve Bank of India has decided to set up a panel to undertake a comprehensive review of the w..

Corporate affairs ministry probes irregularities at Edelweiss' ARC arm: Report

Corporate affairs ministry probes irregularities at Edelweiss' ARC arm: Report

Responding to a whistleblower’s allegations, the Ministry of Corporate Affairs (MCA) has reportedly ..

ARCs can play key role in getting out of NPA logjam

ARCs can play key role in getting out of NPA logjam

If we need to peep into FY 2021 for the expectations and anticipations for the asset reconstruction ..

All bank accounts should be linked with Aadhaar by March 2021: FM

All bank accounts should be linked with Aadhaar by March 2021: FM

Banks must ensure that all accounts are linked with Aadhaar numbers of respective customers by 31 Ma..

Kotak's Phoenix ARC starts buying bad loans after halting amid Covid surge

Kotak's Phoenix ARC starts buying bad loans after halting amid Covid surge

Phoenix ARC, India's fourth-largest asset reconstruction company (ARC), has made five bad loan purch..

SBI, HDFC, Brookfield to float ARC for real estate

SBI, HDFC, Brookfield to float ARC for real estate

The State Bank of India (SBI), mortgage lender HDFC and Toronto-based Brookfield are coming together..

Edelweiss ARC's growth plans in COVID-ravaged year

Edelweiss ARC's growth plans in COVID-ravaged year

After leading Edelweiss ARC to a record recovery in FY20, managing director and CEO RK Bansal stares..