Prøve GULL - Gratis
RBI's New Bad Debt Norms Boost Stressed Asset Buyers
Mint Hyderabad
|January 22, 2025
Asset reconstruction firms welcome central bank's faster settlement rules for small bad loans
A central bank decision to ease the bad loan settlement process for loans of up to ₹1 crore by asset reconstruction companies has come as a relief for these firms scrambling to secure multiple approvals under the erstwhile guidelines.
Given that many of these turnaround companies have started to buy more bad loans in retail and microfinance portfolios, the revised regulations would mean faster resolution of stress, experts said.
Settlement is a process of bad debt resolution that allows lenders or asset reconstruction companies to close the account once and for all against a lump-sum payment or in parts.
Asset reconstruction companies are seeing a spike in the sale of bad debt in the unsecured retail loan portfolios of banks and non-banks, Mint reported on 6 December.
Reports by the Business Standard also pointed out how lenders like IndusInd Bank, Ujjivan Small Finance Bank, and Utkarsh Small Finance Bank are looking to sell stressed microloans.
Denne historien er fra January 22, 2025-utgaven av Mint Hyderabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Hyderabad
Mint Hyderabad
ONGC backs rupee bond after 15 years
State-run Oil and Natural Gas Corp (ONGC) has provided its first guarantee in 15 years for a rupee-denominated bond, likely to be issued by a subsidiary this quarter, three sources aware of the matter said on Thursday.
1 min
October 10, 2025
Mint Hyderabad
Silver ETFs soar on festive demand, supply crunch
\"In the past three to four weeks, we have seen a surge in silver demand,\" said Vikram Dhawan, head of commodities and fund manager at Nippon India Mutual Fund, which runs the largest gold and silver ETFs in the country.
2 mins
October 10, 2025
Mint Hyderabad
The dollar is far from dead and the yuan is not staging a coup
Greenback doomsayers got it wrong. The dollar's reign is not over
3 mins
October 10, 2025
Mint Hyderabad
Akasa co-founder Khatri exits after ₹1,200 cr funding
Ex-IAF officer's departure is the first from the founding team since the carrier's 2022 launch.
1 mins
October 10, 2025
Mint Hyderabad
Andreessen Horowitz to open office in Bengaluru
Andreessen Horowitz, one of the world's biggest venture capital funds, is setting up an office in Bengaluru, multiple people familiar with the development said.
1 min
October 10, 2025
Mint Hyderabad
An AI bubble mustn’t distract us from the AI revolution
Every major technological boom attracts sceptics. Today, that chorus is growing louder around artificial intelligence (AI).
3 mins
October 10, 2025
Mint Hyderabad
Tax residency depends on your travel pattern and primary base
I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.
2 mins
October 10, 2025
Mint Hyderabad
Nestlé looks beyond Maggi, bets on India petcare boom
Nestlé SA sees India as a potential top-three global petcare market after the US and China
2 mins
October 10, 2025
Mint Hyderabad
LG India's $1.3 billion IPO subscribed 54x
LG Electronics Inc.'s $1.3 billion initial public offering (IPO) of its Indian unit was subscribed 54 times on the final day of book building, making it India's second most heavily bid billion-dollar-plus issue.
1 min
October 10, 2025
Mint Hyderabad
Celebrating the snake in jewellery and art
An exhibition in Mumbai reiterates the power of the serpent motif in ornamentation and shines a light on Jaipur's wealth of gemstones
2 mins
October 10, 2025
Listen
Translate
Change font size