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  • Explained: All you need to know about NARCL or bad bank Oct 05, 2021 04:18 PM IST

    Explained: All you need to know about NARCL or bad bank

    NARCL will acquire stressed assets of about Rs 2 lakh crore in a phased manner. The stressed assets will be acquired through a 15 percent upfront cash payment and 85 percent in the form of security receipts.

  • What exactly is the Indian bad bank ? Sep 20, 2021 09:12 PM IST

    What exactly is the Indian bad bank ?

  • Moneycontrol Pro Panorama | Can ‘bad bank’ be the silver bullet for bad loans? Sep 17, 2021 04:04 PM IST

    Moneycontrol Pro Panorama | Can ‘bad bank’ be the silver bullet for bad loans?

    In today’s edition of Moneycontrol Pro Panorama: All-out war on NPAs, state of the economy, Weekly Tactical, the disinvestment clock, why Zomato should spill the beans, rate hike pot boils and more  

  • Is NARCL the answer to the banking sector’s bad loans question? Sep 17, 2021 08:58 AM IST

    Is NARCL the answer to the banking sector’s bad loans question?

    India’s primary experience with asset reconstruction companies (ARCs) has not been great. Government guarantee, however, could be a game changer

  • Analysis | What the Bad Bank deal really means for Indian lenders Sep 16, 2021 08:08 PM IST

    Analysis | What the Bad Bank deal really means for Indian lenders

    The price at which the asset transfer happens will be key. Banks will have to invest around Rs 5,000- Rs 6,000 crore in the NARCL which is approximately what they are likely to get back with the 15 percent upfront cash transfer during asset transfer. Rest will depend on a resolution within five years. That’s the trickiest part.

  • NARCL a game-changer for India's bad debt resolution Sep 16, 2021 07:56 PM IST

    NARCL a game-changer for India's bad debt resolution

    Plugging the long-standing gap between policy intent and action, the government has displayed a firm resolve to expedite the recovery process of the banking sector

  • Bad Bank Plan | NARCL is a novel approach to address the NPA crisis Sep 16, 2021 07:28 PM IST

    Bad Bank Plan | NARCL is a novel approach to address the NPA crisis

    The larger issue now is the efficacy of the NARCL and its ability to resolve assets. So far, there is no convincing record of effective resolution, and none of the parameters and timetables under regulations have performed

  • Finance Minister likely to announce sovereign guarantee for 'bad bank' today Sep 16, 2021 11:10 AM IST

    Finance Minister likely to announce sovereign guarantee for 'bad bank' today

    Finance Minister Nirmala Sitharaman may announce the govt guarantee on securities receipts. The Union Cabinet is learnt to have approved the proposal to formalise sovereign backing for the securities receipts issued by the National Asset Reconstruction Company Ltd.

  • How to get the Bad Bank off to a good start Aug 03, 2021 09:37 AM IST

    How to get the Bad Bank off to a good start

    Clear statutory backing, clarity of objectives and an independent and professional management are key to the success of a bad bank. These components seem absent in the current structure.

  • IBA CEO Sunil Mehta may be non-executive chairman of bad bank, board to be expanded after RBI issues licence Jul 13, 2021 03:49 PM IST

    IBA CEO Sunil Mehta may be non-executive chairman of bad bank, board to be expanded after RBI issues licence

    The National Asset Reconstruction Company will have nominee directors from other banks once it receives the necessary clearances from the central bank.

  • Canara Bank to be lead sponsor of bad bank, to pick up 12% stake Jun 15, 2021 08:54 PM IST

    Canara Bank to be lead sponsor of bad bank, to pick up 12% stake

    Following the board nod, Canara Bank said, the bank has sought the approval from the Reserve Bank of India for participating in NARCL as sponsor contributing 12 per cent stake.

  • Banks to transfer 22 loan accounts worth Rs 89,000 crore to proposed Bad Bank, says IBA Chairman Jun 07, 2021 07:16 PM IST

    Banks to transfer 22 loan accounts worth Rs 89,000 crore to proposed Bad Bank, says IBA Chairman

    The figures are based on preliminary estimates and what the company buys will ultimately depend on its own appetite, Rai said.

  • SBI invites bids for sale of NPAs worth Rs 217 crore May 13, 2021 02:53 PM IST

    SBI invites bids for sale of NPAs worth Rs 217 crore

    The reserve price for the assets has been fixed at Rs 15 crores and Rs 27.5 crores for Khare and Tarkunde Infrastructure and Heavy Metal and Tubes respectively, indicating a total haircut of 80 percent.

  • SBI's Padmakumar M Nair named as CEO of proposed bad bank May 11, 2021 06:13 PM IST

    SBI's Padmakumar M Nair named as CEO of proposed bad bank

    Unlike Arcil, which is essentially a private company, the proposed bad bank will have a public sector character since the idea is mooted by the government and majority ownership is likely to rest with state-owned banks.

  • IBA compiling list of bad loans for bad bank proposed in Budget: Report Feb 25, 2021 04:07 PM IST

    IBA compiling list of bad loans for bad bank proposed in Budget: Report

    The list compiled will have details of NPLs (in or outside consortium) above Rs 500 crore which are nearing resolution under the bankruptcy courts or are in the liquidation process.

  • Will NBFCs be allowed to transfer stressed assets to proposed Bad Bank? Feb 17, 2021 03:16 PM IST

    Will NBFCs be allowed to transfer stressed assets to proposed Bad Bank?

    Transferring bad loans to an ARC is only the last option for a lender. That happens at a deep discount, which may not attract NBFCs.

  • Budget 2021 has potential to lift growth prospects: Fitch Feb 10, 2021 03:46 PM IST

    Budget 2021 has potential to lift growth prospects: Fitch

    Fitch said the announcement of an asset reconstruction company and an asset management company to deal with non-performing assets should be credit positive and added that plans to privatise two state-run banks could also be significant.

  • Exclusive interview | HDFC Bank doesn’t expect wholesale NPAs to deviate from past trend, says wholesale banking head Feb 05, 2021 07:04 PM IST

    Exclusive interview | HDFC Bank doesn’t expect wholesale NPAs to deviate from past trend, says wholesale banking head

    Rahul Shukla says the concept of bad bank is very good and it is good that the proposed bad bank is not being funded by public money.

  • RBI awaiting formal proposal from government on bad bank: Shaktikanta Das Feb 05, 2021 01:03 PM IST

    RBI awaiting formal proposal from government on bad bank: Shaktikanta Das

    Union Finance Minister Nirmala Sitharaman announced the Bad Bank proposal in the Budget 2021

  • Interview | New ‘bad bank’ will take in at least Rs 2 lakh crore of NPAs: Chief Economic Advisor Krishnamurthy Subramanian Feb 04, 2021 06:37 PM IST

    Interview | New ‘bad bank’ will take in at least Rs 2 lakh crore of NPAs: Chief Economic Advisor Krishnamurthy Subramanian

    In an interview with Moneycontrol, Krishnamurthy Subramanian also said the measures taken by the Modi government to deal with the latest economic crisis are less inflationary than interventions by previous governments, and that some 100 crore people may be vaccinated for free.

  • INTERVIEW | I believe we can exceed the divestment target for 2021-22: Anurag Thakur Feb 03, 2021 09:29 PM IST

    INTERVIEW | I believe we can exceed the divestment target for 2021-22: Anurag Thakur

    Speaking to Moneycontrol, the Minister of State for Finance said that while the medium term fiscal deficit targets till 2025-26 seem challenging, the Modi government has had a proven track record of fiscal discipline.

  • How is the proposed 'Bad Bank' different from existing ARC? Feb 02, 2021 07:05 PM IST

    How is the proposed 'Bad Bank' different from existing ARC?

    There are a few reasons why a government-backed ARC can perform better than existing private ARCs

  • Nifty Bank rallies over 10% post Budget: Here are 5 reasons why the index is rising Feb 02, 2021 01:12 PM IST

    Nifty Bank rallies over 10% post Budget: Here are 5 reasons why the index is rising

    Motilal Oswal picks ICICI Bank, SBI, Axis Bank, and AU Finance as top picks while ICICIdirect is positive on Axis and SBI post Budget 2021.

  • Interview | Right time to bet on long-term growth through infra investment: Sanjeev Sanyal Feb 01, 2021 08:24 PM IST

    Interview | Right time to bet on long-term growth through infra investment: Sanjeev Sanyal

    Hours after Finance Minister Nirmala Sitharaman’s Union Budget 2021 speech, Principal Economic Advisor Sanjeev Sanyal, one of the architects of the Budget, spoke exclusively to Moneycontrol.

  • Budget 2021 -- Why bank recapitalisation amount of just Rs 20,000 crore is not bad news Feb 01, 2021 07:34 PM IST

    Budget 2021 -- Why bank recapitalisation amount of just Rs 20,000 crore is not bad news

    While the Budget 2021 proposals are encouraging, the government has to act swiftly in getting private participation and taking toxic assets out of the system

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