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Inappropriate timing, sentiment lead to haircuts in IBC: Experts


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bad bank: Lenders set up bad bank for loans in default


Synopsis
In May, banks decided to appoint Padmakumar M Nair, chief general manager in charge of stressed assets in SBI, as the MD of the NARC. According to RBI norms, an ARC should have minimum net-owned funds of not less than 15% of the total financial assets that it plans to acquire on an aggregate basis or Rs 100 crore.
Agencies
(This story originally appeared in
on Jul 13, 2021)Public sector lenders led by Canara Bank have officially formed the bad bank the National Asset Reconstruction Company (NARC). Their next step now is to obtain approval from the Reserve Bank of India (RBI) to function as an ARC. ....

Padmakumarm Nair , Videocon Oil Ventures Rs , National Asset Reconstruction Company , Canara Bank , Reserve Bank , Videocon Oil Ventures , Amtek Auto , Reliance Naval , Jaypee Infratech , Castex Technologies , தேசிய சொத்து புனரமைப்பு நிறுவனம் , கனரா வங்கி , இருப்பு வங்கி , அம்டெக் ஆட்டோ , நம்பகத்தன்மை கடற்படை , ஜெய்பீ இன்ப்றதேச் ,