Khaitan & Co acted as the legal adviser to Simplex Infrastructures Limited in relation to restructuring of its outstanding ...

Punjab National Bank (BOM:532461) reports a 101.7% increase in net profit, while addressing challenges in slippages and deposit costs.

Suraksha Group is set to invest Rs 5,500 crore to complete approximately 20,000 delayed homes by 2027, having already secured ...

The NARCL emerged as the only bidder, and its bid involving 15 per cent cash payment upfront and 85 per cent government-backed security receipts In FY24, real estate contributed nearly 14 per cent ...

India's state-backed bad bank, NARCL, is aiming to acquire stressed assets worth ₹10,000 crore in the first quarter of FY26. Offers have been made for companies like BGR Energy and Girija Alloys & ...

MUMBAI: RBI has proposed a new route for banks and NBFCs to offload bad loans, allowing them to bundle and sell stressed assets directly to investors through special purpose entities set up by ...

With the new dispensation, ARCs may lose some of their market. Larger cases are presently going to the NARCL, and the new framework will now allow lenders to bypass ARCs for mid-sized and retail ...

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app. Pick your favourite companies, get a daily email with all news updates on them. Full access to our ...

At a meeting scheduled with public sector lenders on Monday, Union Finance Minister Nirmala Sitharaman is expected to review the current status of accounts acquired or being acquired by the National ...

The initial public offering of Maharashtra-based JNK India Ltd will open for subscription on April 23 and close on 25th. Anchor investors will be open to place their bids on April 22. Basis of ...

Q2. _____, Chief General Manager of Canara Bank, has been recently (In January 2024) appointed as the Managing Director (MD) of the National Asset Reconstruction Company of India (NARCL).