Vishwanath Nair
Stories by Vishwanath Nair
India: RBI puts bank licences on tap, excludes big groups
RBI in its final guidelines allows NBFCs, qualified individuals and some private firms to apply for a bank licence as and when they choose to
ICICI Bank, Apollo India to start asset reconstruction company
The objective of the collaboration will be to streamline the operations of borrowers, facilitate deleveraging and arrange additional funding on a case
India: Govt to infuse $3.4b in 13 public sector banks
State Bank of India and 12 other state-run lenders, struggling with rising bad loans and losses, are set to get Rs.22,915 crore in capital as the gove
India: SBI, Brookfield to launch stressed asset management fund
The two have proposed to launch a joint venture (JV) where Brookfield will commit approximately Rs.7,000 crore and SBI will put in up to 5% of the tot
India: JM Financial looking to raise $300m distressed asset fund
JM Financial has been acquiring bad loans through its ARC; one of its biggest purchases was in July 2014 when it acquired the loans owed by Hotel Leel
India: ICICI Bank sells Essar Steel loan exposure to Edelweiss ARC
With this, ICICI Bank has become the third lender to have sold its exposure in Essar Steel Ltd to Edelweiss. In January, Federal Bank had offloaded it
India: Jaypee Group salvages UltraTech deal, loses control of holding company
The deal with UltraTech seemed to have run into trouble and lenders were threatening to invoke the provisions of the so-called strategic debt restruct
India: Jaypee Group to review divestment, strategic debt rejig plans today
The board meets at a time when Jaypee Group’s key divestment—selling its cement business to Ultratech Cement Ltd for Rs.15,900 crore—has run int
