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RBI’s revised circular on resolution of stressed loans
- June 7, 2019
- Posted by: BiconAdmin
- Categories: Asset Reconstruction, Resolution
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Gradation system in Debt recasts likely to be introduced soon
- March 31, 2017
- Posted by: BiconAdmin
- Categories: Asset Reconstruction, Debt Recovery, Debt restructuring
The government and the Reserve Bank of India (RBI) could introduce a gradation system in loan restructuring to deal with bad debts. Bank would use all existing schemes like corporate debt restructuring (CDR), strategic debt restructuring (SDR) and the scheme for sustainable structuring of stressed assets (S4A) which are introduced so far by the central
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Piramal and Bain join hands for Debt Fund
- September 2, 2016
- Posted by: BiconAdmin
- Categories: Asset Reconstruction, Debt restructuring, Miscellaneous, Scheme for Sustainable Structuring of Stressed Assets
Piramal Enterprises an Ajay Piramal flagship company and Bain Capital Credit have signed a memorandum of understanding (MoU) to create a strategic partnership to invest in stressed assets and restructuring situations in India. The cumulative stressed corporate assets, where gross non performing assets (NPAs) of 40 listed banks stand at whooping 5.82 trillion rupees.