NPA
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Opportunity India Desk Nov 23 2023 - 2 min readIndian Overseas Bank, a public sector lender, has issued an invitation for bids concerning the sale of 91 non-performing assets (NPAs) belonging to Micro, Small, and Medium Enterprises (MSMEs), totaling INR 457.28 crore. The bidding document titled ‘Transfer of NPA Loan Exposures’, the bank anticipates a minimum recovery of 60 per cent, equivalent ...
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Opportunity India Desk Jul 19 2022 - 3 min readUnion Minister of State for Finance Bhagwat Karad said that the beneficiary count has dropped 37 per cent from a mere 473 in the financial year 2020-21 to 298 in FY22 as the INR 20,000 crore Credit Guarantee Scheme for Subordinate Debt (CGSSD) launched in 2020 is yet to attract a sizeable number of potential ...
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Opportunity India Desk Jul 19 2022 - 4 min readPrivate lender Yes Bank is planning to acquire 20 per cent stakes in JC Flowers Asset Reconstruction Company (ARC) for INR 350. The bank has identified the company as base bidder for its INR 48,000-crore pile of stressed assets. The bank plans to raise $1 billion in capital during the current ...
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Franchise India Bureau Aug 16 2018 - 1 min readThis year marks the third fiscal year when bad loans in the education sector have shown a rising trend. The percentage of Non-Performing Assets (NPA) has risen to 9% of the outstanding by March this year. According to the Indian Banks Association (IBA) model for education loan schemes, banks provide 15 years repayment period while ...