Asset reconstruction companies seek easier settlement guidelines for small loans
Asset reconstruction companies (ARCs) are asking the Reserve Bank of India (RBI) to review the recently prescribed norm that requires...
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BFSI
Creditors’ recovery via IBC surges to 36% of admitted claims in FY23
Financial creditors’ recovery from defaulters surged to 36% of admitted claims in FY23 from 23% in the previous fiscal and...
Read moreESMA tones down CCIL stand in draft to RBI
The European Securities and Markets Authority (ESMA) has proposed less-stringent rules on inspecting and penalising Indian financial market institutions such...
Read morePhonePe will likely go for an India listing, says Walmart CEO Doug McMillon
Walmart president and chief executive officer Doug McMillon has said the performance of its payments company PhonePe has seen a...
Read moreHDFC looks to sell Rs 2,000 crore stressed developer loans
Mortgage-lending pioneer Housing Development Finance Corp (HDFC) is making final attempts to offload stressed loans of around ₹2,000 crore extended...
Read moreACRE set to buy out SBI’s loans to road company in West Bengal
Ares SSG Capital-backed asset reconstruction company is set to acquire State Bank of India's (SBI) road assets in an all-cash...
Read moreGo First’s bank loans to be classified as “bad”, but has strong collaterals
Lenders to Go Airlines (India) Ltd will classify their loans to the company as "non performing" in the current quarter,...
Read moreFinMin to take a call on Rs 3,000 crore fund infusion based on performance of PSU general insurers
New Delhi: Finance Ministry will take a call on Rs 3,000 crore capital infusion this fiscal based on financial performance...
Read moreBajaj Finance hikes FD Rates, offers 8.6% to seniors
Fixed deposit investors are in for good times with Bajaj Finance raising rates by up to 40 basis points. The...
Read moreBank of Baroda launches electronic bank guarantee on its digital platform
State-owned Bank of Baroda on Wednesday announced the launch of electronic bank guarantee (e-BG) on its BarodaINSTA platform, in partnership...
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