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DIIs making up for exit by foreign players
The money coming into MFs through SIPs not only provides relief to the stock market from the erratic selling by foreign investors but also increases d
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What is so good about ‘Bad Bank’?
A bad bank is a bank that will take over the bad loans of other banks.
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Finance minister Nirmala Sitharaman sets up framework for bad bank
The announcement was made in line with the proposal to set up the NARCL to aggregate the toxic assets that have been lying for a long time.
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Union Cabinet likely to announce proposal for National Asset Reconstruction Company
For a speedy and efficient non-performing assets' resolution, IBA has drafted a proposal for the creation of the bad bank, last year.
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Private ARCs moving to retail loans as national bad bank nearing reality
The pandemic-hit FY21 has seen tepid growth for ARCs, but retail loan portfolio grew faster, adding at least 25% more to AUM
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RBI to set up panel to undertake comprehensive review of ARCs
To facilitate smooth functioning of Asset Reconstruction Companies, RBI decided to set up a panel to undertake a comprehensive review of the working o
