RBI refuses to give concessions for ARC to warehouse stressed power projects to prevent distress sale
A power sector expert said in the absence of the sought concessions from RBI, it would be a tightrope walk for the REC and other lenders to implement the proposal of setting up an ARC for the purpose
The BofA-ML analysts estimated the total stressed assets in power sector at $51.6 billion, with banks holding a bulk $36.1 billion and dedicated non-bank lenders like Power Finance Corporation and Rural Electrification Corporation having $15.5 billion
Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?
Project Sashakt's success hinges on the Modi government's ability to push out a scheme that can generate sufficient investor interest.
UPSC member Arvind Saxena has been appointed as the acting chairman of the commission from June 20, a government order said.
Engineering CAP provisional allotment list declared by DTE Maharashtra: Check ranks at dtemaharashtra.gov.in
The provisional allotment list for Engineering CAP round I has been released by the Directorate of Technical Education of Maharashtra
Viral Acharya proposed measures to deal with the NPA problem indicating a tough stance by the central bank.
Warning that recovery is a long way off, Acharya said sectors with the most stressed assets have so much excess capacity relative to current or near-term utilization that there is no sign of a pickup in higher capacity utilisation.
The proposed ARC is counting on ICICI Bank's experience in the Indian financial sector and Apollo's investment experience as the strong points
As many as four banks are contemplating selling assets of beleaguered air carrier Kingfisher Airlines to asset reconstruction companies (ARCs) to recover part of their dues.
The Reserve Bank has said about 36 percent of the overall 4.1 percent bad assets in the system have been created by six sectors of the economy - infrastructure, metals, textiles, chemicals, engineering and mining. These sectors, though, have only 30 per ent of the credit share.<br />
In the absence of an economic boost and timely removal of structural bottlenecks, there is a clear danger of bad loans emerging from the restructured loan pile.
SAP has engaged closely with customers to understand the true needs of a transportation management system.
One of the most famous custom ROMs in the Android modding community, CyanogenMod version 7.1 has finally been released. This new release was supposed to be
New mobile platform, Divide, enables to maintain separate professional and personal profiles on a single Android device.
The XPERIA Arc has Gingerbread and a lot more.
Sony Ericsson's XPERIA Play might be joining the other phones in the February launch.
ARC helps retailers analyse the performance of their business from store to supply chain and unearths the hidden relationships between products, customers, promotions and multi-channels.