Page 6 - நிதி சேவைகள் செயலாளர் செயலிழப்பு பாண்டா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from நிதி சேவைகள் செயலாளர் செயலிழப்பு பாண்டா. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In நிதி சேவைகள் செயலாளர் செயலிழப்பு பாண்டா Today - Breaking & Trending Today

Budget 2021: Bad bank will be a win-win for lenders, says Debasish Panda


On ‘bad bank’
Though commonly known as a bad bank, it is neither bad nor a bank. It’s an ARC-AMC model. If Rs 2.25 trillion worth of stressed assets are sold off through it, then money can be realised and reflect on banks’ balance sheet.
The idea was proposed by the Indian Banks’ Association, and the government decided such an institution was needed as the country grapples with a pandemic.
There are currently three-four ARCs that have the capacity to resolve about 70 assets worth over Rs 500 crore. The ARC would be set up by both public and private banks, and the government will not hold any equity in it. Banks will be able to transfer their assets to the ARC at net book value (value of asset-provisioning done). About 15 per cent would be cash deals and 85 per cent through security receipts. ....

Supreme Court , Development Finance Institution , Core Group Of Secretaries , Indian Bank Association , Financial Services , National Infrastructure Pipeline , Financial Services Secretary Debasish Panda , Core Group , National Infrastructure , உச்ச நீதிமன்றம் , வளர்ச்சி நிதி நிறுவனம் , கோர் குழு ஆஃப் செயலாளர்கள் , இந்தியன் வங்கி சங்கம் , நிதி சேவைகள் , தேசிய உள்கட்டமைப்பு குழாய் , நிதி சேவைகள் செயலாளர் செயலிழப்பு பாண்டா , கோர் குழு , தேசிய உள்கட்டமைப்பு ,

No govt equity for ARC, AMC bad bank model: Banking Secretary


Govt won t fund ARC, AMC bad bank model: Banking Secretary
This ARC-AMC entity will be set up by the banks; there will be no government equity, said the Banking Secretary. This means there will be ARCs and AMCs at bank level to deal with bad debt
Ashutosh Kumar | February 2, 2021 | Updated 23:44 IST
Representative Image
The ARC-AMC model of bad debt resolution announced in the Budget by Finance Minister Nirmala Sitharaman will not be backed by government equity and will have to be set up by the banks themselves, Banking and Financial Services Secretary Debasish Panda said on Tuesday.
The Budget announced setting up of asset reconstruction companies (ARCs) and asset management companies (AMCs) to resolve stressed assets problem in the banking sector. ....

Nirmala Sitharaman , Financial Services , Union Budget , Finance Minister Nirmala Sitharaman , Financial Services Secretary Debasish Panda , Reserve Bank , Financial Stability Report , நிதி சேவைகள் , தொழிற்சங்கம் பட்ஜெட் , நிதி சேவைகள் செயலாளர் செயலிழப்பு பாண்டா , இருப்பு வங்கி , நிதி ஸ்திரத்தன்மை அறிக்கை ,

Budget 2021: Hassle free mobile app launched

This will be the first time since the presentation of independent India s first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with the finance bill, detailing new taxes and other measures for the new financial year, will not be physically print ....

New Delhi , Tarun Bajaj , Ajay Bhushan Pandey , Lok Sabha , Anurag Thakur , Tuhin Kanta Pandey , Nirmala Sitharaman , Vicky Nanjappa , Vikash Aiyappa , Economic Affairs , Department Of Economic Affairs , Financial Services , Union Budget , Union Budget Mobile App , Union Budget Web Portal , Parliament On , Members Of Parliament Mps , National Informatics Centre , Finance Minister Nirmala Sitharaman , Finance Anurag Thakur , Halwa Ceremony , Finance Ministry , Finance Minister , Annual Financial Statement , Finance Bill , Secretary Ajay Bhushan Pandey ,