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REC powers up $600m loan with five

REC powers up $600m loan with five
globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.

banks: Banks to log in bonds for loans, safety first!

banks: Banks to log in bonds for loans, safety first!
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

SBI s Padma Nair to be NARC s first CEO

SBI s Padma Nair to be NARC s first CEO SECTIONS Share Synopsis ​​ The NARC will aggregate the bad loans and transfer them to a step-down asset management company (AMC) which will manage the assets for sale. A separate CEO is likely to be appointed for the AMC. The NARC will aggregate the bad loans and transfer them to a step-down asset management company (AMC) which will manage the assets for sale. A separate CEO is likely to be appointed for the AMC. State Bank of India (SBI) chief general manager (CGM) Padma Kumar Nair is all set to take over as the first chief executive officer (CEO) for the government approved National Asset Reconstruction Company s (NARC), three people familiar with the process said. Nair was selected as the preferred candidate by a five member committee appointed by the Indian Banks Association (IBA) on Saturday. He is likely to be given a five year term.

Meghalaya on brink of another power crisis as NEEPCO regulates supply

Meghalaya is on the brink of another power crisis, the third in a month, as utility NEEPCO sent a notice to the state government, stating that it would regulate supply from March 20 if Rs 504.41 crore dues are not cleared, an official said on Wednesday. The Union Power Ministry has also expressed concern over the inability of the Meghalaya Power Distribution Corporation Ltd (MePDCL) to clear dues even as a loan of Rs 1,345.72 crore has been sanctioned to it for the purpose. In a letter to the North Eastern Regional Load Despatch Centre of Power System Operation Corp on Tuesday, NEEPCO s Executive Director (Commercial) NK Mao said that despite constant persuasion at various levels, MePDCL has failed to clear the outstanding dues against the purchase of power from its power stations.

The repo in corporate bonds is slowly picking up pace, shows data

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