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RCap lenders seek upfront Rs 9,650 crore cash payment at the earliest

RCap lenders seek upfront Rs 9,650 crore cash payment at the earliest
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.

India , Vijay-shekhar-sharma , Deutsche-bank , Exchange-board-of-india-sebi , Capital-group , Hinduja-group , Employee-provident-fund-organisation , Paytm-payments-bank , Life-insurance-corporation-of-india , National-company-law-tribunal , Trusteeship-services , First-bank

Business News: RBI's action against Reliance Capital: Better late than never

RBI's action against Reliance Capital: Better late than never : Rashtra News The Reserve Bank of India's decision to seek a resolution of the Anil Dhirubhai Ambani Group (ADAG) promoted two years after it defaulted on payments has led to experts asking what triggered this move at this point in time. Critics have been quick,

India , Baroda , Gujarat , Kolkata , West-bengal , Delhi , Abu-dhabi , Abuz-aby , United-arab-emirates , Axis-bank , Delhi-high-court

Fino Payments Bank adds two women Independent Directors

Fino Payments Bank adds two women Independent Directors
adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.

Pune , Maharashtra , India , Calcutta , West-bengal , Anita-sudhir-pai , Neeta-mukerji , Rajat-jain , Bank-board , Asset-reconstruction-company-of-india-limited , Directors-of-the-bank , Small-finance-bank

Anita Sudhir Pai and Neeta Mukerji join Fino Payments Bank as Independent Directors

Anita Sudhir Pai and Neeta Mukerji join Fino Payments Bank as Independent Directors
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.

Anita-sudhir-pai , Deena-mehta , Prudential-life-insurance-company , Linkedin , Ge-capital , Twitter , Fino-payments-bank , Facebook , Asset-reconstruction-company-of-india-limited , Neeta-mukerji , Additional-directors , Independent-directors

This RBI circular could mean fewer ARCs to resolve toxic assets

Industry executives said this could be detrimental for smaller ARCs that lack the ability to meet the NOF guidelines

India , Phoenix , Arizona , United-states , Pallav-mohapatra , Asset-reconstruction-company , Small-industries-development-bank , Assets-care , Reconstruction-enterprise , Reconstruction-company , Rbi , Companies

ACRE Completes Debt Resolution Of Jayaswal Neco Industries

This is one of the largest debt resolutions outside the National Company Law Tribunal (NCLT) framework, underscoring ACRE's efficiency in effective financial restructuring, , Jayaswal Neco Industries, ACRE

Chhattisgarh , India , Neeta-mukerji , Jayaswal-neco-industries , Assets-care , Reconstruction-enterprise , Neco-industries , Ayaswal-neco-industries , Cre ,

Neeta Mukerji resigns as CEO of ACRE, country's largest bad bank

Mukerji joined as CEO of ACRE, an asset reconstruction company backed by global fund Ares SSG Capital, in November 2020. She was appointed for a term of five years.

India , Baroda , Gujarat , Neeta-mukerji , Asset-reconstruction-company-of-india-arcil , Tourism-finance-corporation-of-india , Punjab-national-bank , Axis-bank , Assets-care , Reconstruction-enterprise , Asset-reconstruction-company , Tourism-finance-corporation

Piramal Group: Piramal can get back 75% at least of Rs 600-cr loan

Piramal plans to conduct a Swiss Challenge on the initial offer and will make an announcement soon. Previously, HDFC had sold a real estate developer portfolio, including Tridhaatu Realty, to Assets Care and Reconstruction Enterprise (ACRE) ARC.

Switzerland , Mumbai , Maharashtra , India , Bengaluru , Karnataka , Swiss , Tridhaatu-realty , Piramal-group , Piramal-enterprises , Swiss-challenge

Edelweiss Alternatives sells CNTL loan to ACRE

CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.

India , Mumbai , Maharashtra , Canara , Karnataka , Indian-bank , Jk-bank , Deutsche-bank , Union-bank , Indusind-bank , Il-fs-transportation-networks

Private credit funds turn innovative to deliver high returns

Funds are adopting innovative strategies to meet investor demands for higher returns, especially in credit funds, where investments are structured in a way to allow for risk to be time-tranched, with investors selecting credit opportunities based on their individual risk appetites.

United-states , India , America , Eshwar-karra , Jayaswal-neco , Davidson-kemper , Kotak-strategic-situations-india-fund , Kotak-private-credit-fund , Goldman-sachs , Kotak-strategic-solutions-fund , Jayaswal-neco-industries , Kotak-mahindra-bank