YES Bank gains 4% on completion of sale of NPA worth ₹48,000 cr
The private lender has completed the sale of ₹48,000 crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company.
stressed assets
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Welcome to ‘stressed’ PPP projects, the 2nd time round
Despite policy incentives and new PPP contract model to protect private partners from external and unforeseen factors, Ministry of Ports, Shipping and Waterways is saddled with many abandoned projects
78% expect bank frauds to rise up to 2024
While banks have increased investments towards fraud risk management and monitoring systems and controls, these efforts seem insufficient, says Deloitte India.
RBI’s stressed asset directions come of age
A year after they were issued, the central bank’s rules have become fundamental for the resolution of debt.
RBI MEASURES IMPRESS MARKETS
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
SC to hear cases on insolvent power companies on November 11
The top court has ordered a status quo on High Courts making a judgement in cases challenging the Reserve Bank of India’s February 12 circular.
Axis Bank falls a day after Q1 results
The bank’s stock fell over 3% on Tuesday. Brokerages, however, were optimistic about the stock going forward.
RBI rings alarm bells on public sector banks
The Reserve Bank of India’s latest financial stability report says the banking sector continues to remain stressed.
JSW Steel, Tata Steel post strong profits in Q4
Higher steel prices and robust demand drove JSW Steel’s fourth quarter sales and profit, while a one-time gain pushed Tata Steel’s bottomline.
