RBI's new norms on stressed asset sales split stakeholders - Livemint

The guidelines, issued on Thursday, allow banks to sell stressed loans to other banks, NBFCs and other financial institutions, apart from asset reconstruction companies. Photo: Aniruddha Chowdhury/Mint. The Reserve Bank of India's new guidelines on ...and more »

Reserve Bank widens market for sale of stressed assets - Business Standard

In a bid to improve the sale of bad loans by lenders, the Reserve Bank of India has allowed banks to sell these assets to other banks, non-banking financial companies (NBFCs) or financial institutions. It has also made banks' boards more accountable ...and more »

Why RBI prosposals on stressed assets may not work - Firstpost

The Reserve Bank of India has come out with two novel changes to address the festering problem of bad debts plaguing the public sector banks . The first is to broaden the list of knights-in-the-shining-armour from the hitherto asset reconstruction ...and more »

RBI allows banks to sell stressed assets to NBFCs, other lenders - Livemint

RBI said that all assets classified as doubtful should be reviewed by the board of banks or a committee of board members. Photo: Aniruddha Chowdhury/Mint. Mumbai: Banks can now sell their stressed assets to other lenders, non-banking financial ...and more »

Gopichand Hinduja seeks $15 billion bank haircut in India's debt clean-up - Livemint

Indian peers are more wary and tend to wait for the economic tide to turn, said Hinduja, whose group is looking at stressed assets in businesses including solar energy. San Francisco: Billionaire Gopichand Hinduja says India's banks are placing too ...and more »

RBI asks banks to lay down clear policy on stressed asset sale - Economic Times

MUMBAI: Amid rising NPAs, RBI today asked banks to put in place clear policies for sale of stressed assets to securitisation and reconstruction firms and secure two external valuation reports in case the exposure tops Rs 50 crore. In order to further ...and more »

Are the new norms good enough for banks to sell stressed assets? - Zee Business

In a recent notification, the Reserve Bank of India (RBI) has allowed banks to sell stressed assets. Under the new framework, RBI has allowed banks to sell their stressed assets to securitisation companies (SC), reconstruction companies (RC), non ...and more »

Scope of NPA sale widened, nod for bank-to-bank deal - Daily News & Analysis

The Reserve Bank of India (RBI) has now allowed banks to sell their bad assets to other banks and non-banking finance companies (NBFC) and not just asset reconstruction companies (ARCs) as was the practice so far. This will help banks like ICICI Bank ...and more »

Two independent valuations must for big stressed asset sale - Economic Times

MUMBAI: Banks need to take views from two independent valuers when they sell bad loans worth Rs 50 crore and more to asset reconstruction companies, the Reserve Bank of India has said. The banking regulator said banks will have to provide for if they ...and more »

RBI expands market for sale of banks' stressed assets - Hindu Business Line

The Reserve Bank of India on Thursday expanded the market for banks' stressed assets by permitting them to be sold to other lenders, including non-banking financial companies and financial institutions. The central bank also issued guidelines ...and more »