comparemela.com

Latest Breaking News On - கனரா வங்கி - Page 29 : comparemela.com

15 lenders to infuse Rs 6,000 crore in bad bank; may begin ops this year

15 lenders to infuse Rs 6,000 crore in bad bank; may begin ops this year
newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.

bad bank: Lenders set up bad bank for loans in default

Synopsis In May, banks decided to appoint Padmakumar M Nair, chief general manager in charge of stressed assets in SBI, as the MD of the NARC. According to RBI norms, an ARC should have minimum net-owned funds of not less than 15% of the total financial assets that it plans to acquire on an aggregate basis or Rs 100 crore. Agencies (This story originally appeared in on Jul 13, 2021)Public sector lenders led by Canara Bank have officially formed the bad bank the National Asset Reconstruction Company (NARC). Their next step now is to obtain approval from the Reserve Bank of India (RBI) to function as an ARC.

India sets up bad bank to reduce debt burden, free up lenders

India sets up bad bank to reduce debt burden, free up lenders
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.