November 23, 2024 00:26 (IST)
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Bandhan Bank sells bad loans worth Rs 8,897 cr to ARC

Bandhan Bank sells bad loans worth Rs 8,897 cr to ARC

Mumbai/IBNS: Bandhan Bank on Friday announced the sale of its stressed loans, worth Rs 8,897 crore, to an asset reconstruction company (ARC) for Rs 801 crore.

IFSCA sets up committee for creating a Framework for transfer of stressed loans

IFSCA sets up committee for creating a Framework for transfer of stressed loans

New Delhi/IBNS: International Financial Services Centres Authority (IFSCA) has set up a committee to examine and recommend measures to create a framework for transfer of stressed loans from domestic lenders to permitted financial institutions in IFSC.