Vishwanath Nair
Stories by Vishwanath Nair
India: Axis Bank buys 13.67% in Asset Care and Reconstruction Enterprise from IFCI
Axis Bank is buying the stake from IFCI Ltd, which is partly divesting its 19.34% stake in the asset reconstruction company. IFCI has been exiting so
India: Reliance Capital to list its housing finance arm
After the listing, Reliance Capital will hold a 51% stake in Reliance Home Finance and the home financier will be adequately capitalized to grow the l
India: Bhushan Steel lenders look to sell assets
Lenders have identified the Bhushan Steel’s Odisha plant as a high-quality asset that can be separated from the company and sold
India: Dhanlaxmi Bank raises $12.6m equity from existing investors
Dhanlaxmi Bank has approved the allotment of 32.40 million equity shares of Rs10 each at a price of Rs25.98 per share on preferential allotment basis
India: RBI allows banks to sell stressed assets to NBFCs, other lenders
The Reserve Bank of India (RBI), in guidelines issued on Thursday, asked local banks to frame clear policies for stressed-asset sales
India: SBI pushing for Jyoti Structures takeover by Dubai’s Amin Group
SDR, introduced in June 2015, allows creditors to convert debt into equity and take over the management of defaulting companies. Banks have to find a
India: Piramal partners PE major Bain Capital to set up stressed asset fund
Last month, SBI said it is launching a Rs.7,000 crore stressed asset fund with Brookfield Asset Management Inc. ICICI Bank Ltd and Apollo India Cre
India: Has the strategic debt restructuring experiment run aground
It was billed as a powerful tool in the clean-up of bank balance sheets laden with bad loans, but has proved to be a bit of a dud.
SBI board clears merger with associates, India to have global top 50 bank
The proposed merger of SBI and its subsidiaries would create a banking behemoth with a balance sheet size ofRs.37 trillion, SBI chairman Arundhati Bha
