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Finance Minister Nirmala Sitharaman is set to meet with CEOs of state-run banks to assess their performance on government schemes and address issues like bad loan recovery. Recent discussions focused on monitoring key accounts and expediting insolvency cases. The government emphasizes achieving financial inclusion targets and extending credit outreach campaigns. ....
Mukerji joined as CEO of ACRE, an asset reconstruction company backed by global fund Ares SSG Capital, in November 2020. She was appointed for a term of five years. ....
Over 20 asset reconstruction companies and non-banking finance companies have expressed their interest in acquiring Saraswat Bank s non-performing assets. These include Acre ARC, Asset Reconstruction Company (India) and Edelweiss ARC. ....
International Business News: Goldman Sachs faces a costly exit from its partnership with Apple, as the credit card venture is considered too risky and unprofitable. The expected u ....
Over the last five years, the gross non-performing assets (NPAs) of banks have dropped by almost 46 per cent from Rs 10.21 lakh crore in fiscal year (FY) 2017-2018 to Rs 5.55 lakh crore by March 2023. ....