Stressed Assets

Securitisation of stressed assets: RBI floats paper on regulatory purview

Securitisation refers to a process that includes the pooling of loans and then selling them to a Special Purpose Entity which then issues securities backed by the loan pool

JM Financial ARC plans recoveries worth Rs 1,000 cr in 18 months

Company added Rs 600 crore in assets in six months, as it makes recoveries from acquisitions earlier

New amendments to bankruptcy code look to boost returns of stressed assets

IBBI had invited comments from the stakeholders to suggest if parts of stressed assets could be sold off instead of as a whole

Banks took a haircut of 69 per cent while resolving IBC cases: Report

Haircuts are defined as the losses incurred by the creditors (banks in this case) on resolving the bad debts or stressed assets

Cost pressure may spike default rates among lower-rated firms: Crisil

Sub-investment grade MSMEs are at high risk; sunset for pandemic-induced relief measures to have a bearing too

IBBI releases discussion paper aimed at improving value of stressed assets

Proposals call for marketing strategy where total claims exceed Rs 100 cr; creditors can also propose steps to market stressed assets

Stressed assets of NBFC-MFIs likely declined to 14% as of end-March: Crisil

However, stressed assets of NBFC-MFIs, which comprise of 30+ Portfolio at Risk (PAR) and loan book restructuring remains well above the pre-pandemic level of around 3 per cent

SC to choose between Sebi, RBI circulars for stressed assets' resolution

The issue gains importance as Sebi wants its circular on ISIN-level voting---issued in October 2020-to be applied to cases such as Reliance Capital and SREI

'NPAs down to Rs 7.7 trn due to transparent recognition of stressed assets'

"It is observed that the said ratio for India compared adversely with those of US, UK and China, and information in respect of Japan is not available," the minister said

Rs 50,000 crore of NPAs may be transferred to NARCL in FY22

Overall, 38 accounts worth Rs 83,000 crore identified: SBI chairman

In a sticky situation: Sebi's Special Situations Fund may run into tax wall

The tax rate for business income is 42.7 per cent after surcharge and cess

RBI report says stressed asset sales should take place earlier

All lenders including banks must make a list of non-performing assets which they intend to sell to eligible entities including ARCs at the start of each year: Report

MSME stressed assets likely to touch 18% by March 2022, says CRISIL

For the retail credit, rise in stressed assets is pegged at 4-5 per cent in March 2022 from 3 per cent estimated in March 2021

Reserve Bank of India grants licence to NARCL under Sarfaesi Act

The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in the bad bank

Insolvency law's success needs to be appreciated, say experts

The insolvency law has provided a framework for resolution of stressed assets, and its success needs to be appreciated in comparison with the situation that prevailed prior to its implementation

Restructuring of assets on cards in absence of moratorium: HDFC Securities

Financial institutions are likely to exercise 'Restructuring 2' for stressed assets, in the absence of a moratorium, said HDFC Securities

Reliance Home Finance takes up resolution plan approved by lenders

RHF on Monday took note of a resolution plan approved by lenders under the Reserve Bank of India's (RBI's) prudential framework for resolution of stressed assets

Covid-19 crisis: Relief for MSME promoters under debt scheme likely

The government had, in May last year, announced a slew of measures to help MSMEs tide through the Covid-19 crisis.

Centre considers a revamp of stressed asset guarantee scheme for MSMEs

As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard

Near-resolution assets may not go to bad bank amid Covid-19 pandemic

ARC expected to be functional next month