Stressed Assets

This will be in addition to the existing asset reconstruction companies (ARCs) route under SARFAESI Act, RBI Governor Sanjay Malhotra said.

Alvarez & Marsal plans big bet on India; to grow senior team 3x in next two-three years

The consulting firm, which has only recently invested in building a global capability centre in India, is also looking to scale up that team to 1,500 individuals over the next four to five years.

How a proposed change in Special Situations Fund norms could end roundtripping through AIFs

Experts, however, point out that the norms need to be detailed a little more to ensure innocent promoters with no malafide intent are not affected

RBI to seek feedback for additional framework on securitisation of stressed assets

Currently, only the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act provides a framework for such securitisations by asset reconstruction companies (ARCs).

Bankers, IBC experts cheer proposal for part-resolution of assets

IBBI has proposed that the resolution professional and CoC can explore resolutions of part of the assets or businesses by allowing the submission of different resolution plans for them

RBI Governor meets MDs & CEOs of PSU banks and certain private banks

The RBI Governor emphasised the need for banks to continue supporting the revival of economic activity.

KSK lenders' plan for Rs 30,000 crore debt resolution hit NCLT hurdle, banks move appellate tribunal

KSK insolvency: Banks want to combine all group loans worth Rs 30,000 crore for faster recovery. However, the plan has hit a hurdle after NCLT ruled against it. Banks have now moved NCLAT.

Pre-Pack Paradigm | A saving grace for MSMEs?

The pre-packaged insolvency framework across jurisdictions is known to plug this wide recovery gap. Pre-pack resolution plans are likely to facilitate adherence to the timelines prescribed under the Insolvency and Bankruptcy Code 

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

Bajaj Healthcare to buy stressed assets from Saraswat Cooperative Bank for Rs 61 crore

The company is buying land and factory building at Tarapur industrial area in Palghar district of Maharashtra.

Government mulls creating a new portal with more details on stressed assets

"The idea is to get better valuation for these stressed assets by increasing transparency," a govt official told Moneycontrol.

Why greater flexibility will not help resolve stressed assets

Resolution inevitably requires large haircuts and bankers, especially in the public sector, are often not willing to take such decisions.

How the IBC may postpone the capex revival

We need a capex recovery to accelerate economic growth but the overhang of stressed assets being put on sale could be a acting as a hurdle

Supreme Court order has not taken away any powers from RBI: Shaktikanta Das

The central bank will issue a revised circular to ensure expeditious and effective resolution of stressed assets.

Opinion | Strained finances of stressed thermal assets: Who'll bell the cat?

The idea is good, but the big question is whether such a law can be passed

Aditya Birla, Varde to jointly invest $1 billion in Indian stressed assets: Report

The move comes in the wake of the Reserve Bank of India forcing over 40 large defaulters into bankruptcy courts

Parliamentary panel suggests new framework for stressed assets in power sector

The RBI's revised framework for resolution of stressed assets has laid down strict timelines after which insolvency proceedings are initiated.

Power Ministry proposes SPV to operate stressed assets, augment value

The proposed SPV can run assets which are under stress but are completed and ready to go, said Power Minister RK Singh.

Bankers focus on stressed assets than NPAs; PNB to repay loans of banks: R Gandhi

R Gandhi, Former RBI Deputy Governor said with the new framework in place there could be an uptick in non-performing assets (NPAs) because what need not have been recognised as an NPA will now be recognised as one.

What changed for the market while you were sleeping? 12 things you should know

A list of important headlines from across news agencies that could help in your trade today.

Telecom woes: Inter-ministerial group to submit policy recommendations in July

The IMG was set up on May 16 to examine issues that are affecting viability and repayment capacity of telecom companies.

Banks sitting on Rs 7.7 lakh crore unrecognised stressed assets: India Ratings

The agency estimates Rs 2.6 lakh crore of corporate and SME loans (3.2 percent of total bank credit) will be recognised as stressed loans by FY19.

Institutional architecture of Indian banks strengthened by Modi government; benefits to follow

The clear mandate to the BJP in the last General elections in May 2014 raised expectations of a revival in economic growth, boosting investor sentiment, which was also amply reflected in the sharp rise in the equity indices during FY15

3 years of Modi: Banking sector reforms announced; results awaited

In an attempt to help banks, especially public sector banks (PSBs) recognise the ashes of high level of non-performing assets (NPAs) and rise like a phoenix, in December 2015, the Reserve Bank of India under the leadership of former Governor Raghuram Rajan, asked banks to set aside a pool of funds in the form of provisioning towards sub-standard assets. This further dented the banks’ balance sheets.

Kotak Mahindra Bank board approves QIP at Rs 913.24 per share

The bank plans to issue 6.2 crore shares for Rs 913.24 per share on the issue day as May 11.