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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. Latest News » · PMO working on resolving PNB ...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. Latest News » · NHAI seeks to auction 1,720km of highways · PNB fraud: Nirav Modi appeals to ...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. Latest News » · The perfect spaghetti · Come again to Camiguin · With Picasso ...and more »

Two independent valuations report must before sale of bad loan above Rs 50 crore: RBI to banks - Economic Times

MUMBAI: The Reserve Bank of India (RBI) tightened the screws on banks clean-up further by mandating that banks can subscribed only a limited amount of loans sold to asset reconstruction companies (ARC) and ordered two independent valuation where bad ...and more »

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

M.B. Mahesh, Nischint Chawathe and Abhijeet Sakhare of Kotak Securities, in a report, said, "This move of RBI comes as a positive as it asks banks board to take faster action on non-performing loans (NPL) to ensure that the value of collateral is not ...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 »

Reserve Bank widens market for sale of stressed assets - Business Standard (press release) (blog)

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 »

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 »

RBI Nudges Banks To Sell Bad Loans - BloombergQuint

The Reserve Bank of India (RBI) on Thursday announced a host of measures to ease the sale of bad loans by banks, a process essential to help clean up bank balance sheets. As a first step, the banking regulator has allowed banks to sell bad loans to ...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 »