Stressed Assests

NESFB offloads stressed micro-loans over Rs 500 cr to clean up books

To raise fresh capital upto Rs 200 crore

Yes Bank assigns Rs 48k cr stressed asset loan portfolio to JC Flowers ARC

Yes Bank has concluded assignment of the Rs 48,000-crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company. The bank had earlier declared JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) as the winner of the Swiss Challenge process for sale of its identified portfolio of stressed assets. "The bank has now concluded assignment of identified stressed loan portfolio of the bank aggregating to up to Rs 48,000 crore as on March 31, 2022 under 15:85 structure, after adjusting recoveries between 1st April 2022 to 30th November 2022," Yes Bank said in a regulatory filing on Saturday.

Yes Bank to sell stressed assets worth Rs 48k cr to JC Flowers ARC

Yes Bank on Tuesday said its board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio. The US-based asset reconstruction company (ARC) had in July this year emerged as the base bidder for the proposed sale of the identified stressed loan book of Yes Bank aggregating up to Rs 48,000 crore. As per Reserve Bank of India (RBI) guidelines on transparent bidding process, the private sector lender had conducted a Swiss challenge for inviting challenger bids. The Swiss challenge process has now concluded and the bank has not received any challenger bids to the base bid, Yes Bank said in a regulatory filing. "The board of directors of the bank, at their meeting held on September 20, 2022, has approved the declaration of JC Flowers ARC as the winner of the Swiss Challenge process," the bank said. As per the binding term sheet between the bank, JCF ARC LLC and JC Flowers for sale of the identif

IBBI releases discussion paper aimed at improving value of stressed assets

Proposals call for marketing strategy where total claims exceed Rs 100 cr; creditors can also propose steps to market stressed assets

Singapore's Broad Peak, partner to invest $300 mn in Indian stressed assets

Broad Peak, in association with fund Brescon & Allied Partners, will seek turnaround opportunities, debt resolution.

Nisus Finance to invest Rs 500 crore for stressed and incomplete projects

Fund manager has already roped in an anchor investor that has committed Rs 100 crore for the stressed assets fund called Real Estate Performance Fund

Covid-19 may push NBFC stressed assets to Rs 1.8 trn by March: Crisil

Regulatory steps like one-time Covid-19 recast window and MSME restructuring scheme will limit GNPAs, says rating agency

Creditors seek bankruptcy of China's once high-flying HNA Group

HNA Group built an empire on debt that once spread from Deutsche Bank to Hilton Worldwide

Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession

Budget 2020: Govt may introduce programme to buy NBFCs' stressed assets

The government is likely to unveil, in the Union Budget 2020, a Troubled Assets Relief Programme (TARP) similar to what the US initiated during the financial crisis in 2008

Govt may approve setting up Rs 5,000-crore stressed asset fund for MSMEs

With no promise of additional requisite funding, MSME ministry plans to cut existing schemes

Letters to BS: The need of the hour is to use AI for stressed assets

The painstaking efforts of all banks are commendable and would be proven by their recovery

Now is the time for a bad bank

The idea of a bad bank has been around for some time now though it was abandoned at one point

Realty, construction, power may spell more trouble to banks: India Ratings

However, lenders will be better equipped to provide for these loans as they are mainly medium-sized, up to Rs 2,000 crore per account

In the mind of a stressed borrower

A game of signals and asymmetric information

Banks eye 'resolution' of Rs 1.5 lakh cr worth stressed assets

With the Essar deal coming, the banks are prioritising the resolution process by focussing on helping in sale of businesses by corporate borrowers