YES Bank eyes own asset reconstruction company, invites EoIs from investors

Private sector lender YES Bank is looking to set up its own asset reconstruction company (ARC) and has invited an expression of interest (EoI) from prospective investors who could partner with it in setting up this entity. Through its process advisor, Ernst & Young, YES Bank has called for EoIs from investors with strong financial … Read more

There’s nothing alarming about rise in MSME bad loans: RBI

The Reserve Bank on Friday allayed the fears of lenders about the rising delinquency levels among small business loan borrowers, who are hit hard by the Covid-19 second wave, saying the numbers are not alarming yet. The government and the central bank push to support MSMEs during the pandemic through credit measures like the emergency … Read more

NPA: Banks likely to transfer about 80 large NPA accounts to NARCL

Banks are likely to transfer about 80 large NPA accounts for the resolution to National Asset Reconstruction Company Ltd (NARCL), which is expected to be operational by next month. NARCL is the name coined for the bad bank announced in the Budget 2021-22. A bad bank refers to a financial institution that takes over the … Read more

Oaktree, Apollo lead giants betting on stressed India assets

India’s macroeconomic troubles are attracting a new wave of global investors betting they can eke out profits from the rising number of capital-starved businesses struggling to stay afloat. Some global heavyweights like Apollo Global Management Inc. and Oaktree Capital Group have either struck recent India deals or scaled up their teams in the country in … Read more