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The government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC, IDBI Bank and Srei BNP Paribas, as chief executive officer, said people with knowledge of the matter. ....
The Finance Ministry's Department of Financial Services held a review meeting with banks particularly public sector bank chiefs on Friday to review the progress of the 'bad bank' and the status of pending insolvency cases.
The managing directors of banks have been instructed to monitor and review all their ongoing insolvency cases very closely, particularly the top 20 accounts at their level, Vivek Joshi, secretary, Department of Financial Services, told media after the meeting. ....
Banks' reluctance to offload assets, other issues halt NARCL's progress financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.