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Hardayal Prasad | Hardayal Prasad appointed as new CEO and managing director of Srei Infrastructure Finance

Hardayal Prasad | Hardayal Prasad appointed as new CEO and managing director of Srei Infrastructure Finance
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crisil view on arcs: ARCs need to change business model as bad loan dynamics change: Experts

Rating agency Crisil which had organised the webinar said it expects assets under management (AUM) growth in the sector to moderate to 5% to 6% in fiscal ending March 2025 from 17% in March 2023, which was largely because unlike last fiscal there is no large transfer from a bank (Yes Bank) to an ARC (JC Flowers).

FM to focus on sustaining economic growth; demand-boosting steps likely: IDBI Bank s Suresh Khatanhar

ibc: MoF to meet PSB chiefs over IBC resolution delays

According to the IBBI data, 67% of the insolvency cases where the resolution process was ongoing until September 2023 have exceeded the 270-day time frame. Resolutions in another 13% of the cases went beyond 180 days but were still under 270 days. Earlier this month, the government told banks that their top executives should monitor large-value cases of bank fraud more closely and that bona fide credit decisions should be shielded from investigations.

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