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Business News: State-backed Bad Bank set to begin operations in January second week

State-backed Bad Bank set to begin operations in January second week : Rashtra News #Statebacked #Bad #Bank #set #operations #January #week The long-awaited state-sponsored bad bank is set to kick off its business from the second week of January just in time for the banking industry to dress up its balance sheet as the fiscal

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Have NPAs really declined?

Have NPAs really declined?
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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RBI may issue clarification on Paytm in view of large user base

Amidst the Paytm controversy, Financial Services Secretary Vivek Joshi hinted at potential Reserve Bank clarifications due to the platform's extensive user base. Joshi highlighted the central bank's consumer protection focus. He affirmed the strong performance of public sector banks, emphasizing minimal government interference. Joshi outlined upcoming financial sector reforms, including amendments to banking and insurance laws. Additionally, he discussed strategies for capital infusion, addressing bank performance, and plans for distressed asset resolution.

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Finance Ministry aims to transfer ₹1-lakh crore stressed assets to bad bank

NARCL, commonly known as bad bank, operates by acquiring bad loans from banks, paying 15 per cent of the amount in cash and the remainder in government-guaranteed security receipts, which banks can invoke during resolution or liquidation.

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Finance Ministry aims to transfer stressed assets worth ₹1 lakh crore to NARCL by March 2024, says DFS Secretary Vivek Joshi

Finance Ministry aims to transfer stressed assets worth ₹1 lakh crore to NARCL by March 2024, says DFS Secretary Vivek Joshi
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Can NARCL transition from a struggling toddler to a marathon runner?

Can NARCL transition from a struggling toddler to a marathon runner?
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Green financing, digital currency may get a boost in the interim budget

The government is expected to carry forward some of the initiatives taken during the last few years and take certain incremental measures.

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Has India's 'Bad Bank' Worked Or Not?

The target was for banks to sell Rs 2 trillion worth of non-performing assets to NARCL, the so-called 'bad bank, by 2021-2022.
Only 10 per cent of this has been executed.

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Bad Bank's chairman Karnam Sekar resigns after proposal to merge with IDRCL

The bad bank, officially known as National Asset Reconstruction Company of India (NARCL), was set up a year ago to acquire the sticky loans of high-street banks. There was a proposal to merge NARCL with India Debt Resolution Company Ltd (IDRCL), which led to Sekar's resignation.

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Bad Bank Chairman Karnam Sekar Reportedly Quit Over Proposals To Merge With IDRCL

The proposal for the consolidation of the two entities was initially put forth by IDRCL, which is led by former State Bank of India Managing Director Diwakar Gupta, , bad bank, ceo, Karnam Sekar, resignation

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