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SBI and OBC invite bids from ARCs to sell stressed assets...

Public sector banks State Bank of India (SBI) and Oriented Bank of Commerce (OBC) have placed stressed assets worth Rs.5,740 crore on sale to recover their...

Syndicate Bank creates Stressed Asset Management vertical to recover NPAs

In a bid to recover its non-performing assets (NPAs), Syndicate Bank has established the Stressed Asset Management (SAM) vertical comprising credit and legal experts....

SBI hopes to recover 50% of NPAs from RBI’s first list...

India’s largest lender State Bank of India (SBI), which is marred by issues concerning non-performing assets (NPAs), hopes to recover at least 50% of...

Bidders for stressed assets must now reveal source of funding

In a bid to reduce bad loans, banks led by State Bank of India (SBI) have come up with a decision that bidders for...

Finance Ministry sources: Banks working on common valuation norms for stressed...

Public sector banks in the country are reportedly working towards developing a common set of rules for the valuation of stressed assets. By valuing...

Government to come up with new ordinance to prevent wilful defaulters...

The government is all set to come up with a new ordinance under the Insolvency and Bankruptcy Code to prevent wilful defaulters from bidding...

Bank non-performing assets witness significant growth in the first half of...

A recent survey result has indicated that Indian banks have seen a considerable rise in non-performing assets between January and June, this year. The...