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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
No CommentsPiramal 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.
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RBI introduces a ‘Scheme for Sustainable Structuring of Stressed Assets’
- July 19, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Scheme for Sustainable Structuring of Stressed Assets
In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India has today issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’. Resolution of