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Periodical structural changes have added robustness to ARCs
The platform is serving as a holistic one-stop solution provider for all stressed loans
All eyes on US Fed meet
Key factors such as US Fed meet, crude oil prices, movement of the dollar index and macro-economic factors will influence near-term direction of the...
Centre ensures Rs. 30,600 crore sovereign guarantee to 'bad bank'
The guarantee will allow banks to transfer their NPAs to NARCL, which will buy the stressed assets on payment of 15% in cash and the balance 85% in...
Sensex scales 59k for 1st time
Mkts maintain record run for 3 sessions in a row; Nifty at life-time high of 17,629.50pts; Banking stocks in focus ahead of NARCL commencement;...
IBA moves step closer to Rs 6k-cr bad bank
Submits application to RBI for licence to set up NARCL; Approval likely in next few weeks
Cabinet nod on govt guarantee to bad bank soon
The proposed bad bank or NARCL will pay up to 15% of the agreed value for the loans in cash and the remaining 85% would be government-guaranteed...