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Leading Indian Bad Debt Recovery Company Seeks Global Partners to Boost Presence

Leading Indian Bad Debt Recovery Company Seeks Global Partners to Boost Presence
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Avenue Capital-Backed ARCIL Seeks Partners for Sour Debt Buys

Avenue Capital-Backed ARCIL Seeks Partners for Sour Debt Buys
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Indostar Capital Finance: IndoStar Capital sells two builder loans to Phoenix ARC, ET RealEstate

Indostar Capital Finance: Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days. Classification of borrower accounts occurs during the day-end process for the specified date.

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IndoStar Capital sells two builder loans to Phoenix ARC

The recovery rate is considered good given that these loans were overdue by around 60 days. "The recovery was good as the loan accounts were tagged in stage 2 and chances of recovery are strong," said a source. Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days. Classification of borrower accounts occurs during the day-end process for the specified date.

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Top Distressed Funds Mull Buying State Bank of India s Bad Loans

(Bloomberg) A number of global and local distressed asset investors are considering buying some of State Bank of India’s bad loans put up for sale in the financial year that began in April, according to people familiar with the matter. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin

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