Distressed Assets
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Banks Can Now Go For Compromise Settlement Of Wilful Defaults, Fraud Accounts
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
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Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report
Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported today.
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FTX Scrambles For Funds As Regulators Take Action
Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday.
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Ripple Shows Interest in Troubled Crypto Lender Celsius' Assets, May Acquire It
Ripple Labs, the San Francisco-based blockchain company, is interested in acquiring the distressed assets of beleaguered cryptocurrency lender Celsius. The company asked the court to be represented in the ongoing bankruptcy proceedings, filings indicate.
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Binance Donates $2.5 Million in Crypto Assets to UNICEF to Help Distressed Ukrainian Children
In order to help children in war-ridden Ukraine, Binance has donated $2.5 million (roughly Rs. 20 crore) in crypto assets to UNICEF. The names of these cryptocurrencies remain undisclosed. This is the second donation Binance has made to help Ukraine after it wired $10 million (roughly Rs. 75.5 crore) to the nation last week.
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Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
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Jaypee Infratech Case: Tribunal To Hear All Parties On NBCC Bid On July 17
The decision comes as a ray of hope for Jaypee Infratech's distressed home buyers, who want NBCC to take over the bankrupt company and its assets
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RBI Panel For Rs 5,000 Crore Distressed Asset Fund For Small Enterprises
RBI panel also suggested a government sponsored fund of funds (FoF) to support venture capitalists and private equity firms investing in the MSMEs.
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Anil Ambani Needs $2 Billion In Asset Sales To Save Last Stronghold
Reliance Capital Ltd., his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress plaguing the wider conglomerate.
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Sebi Allows Mutual Funds To Separate Distressed Assets In Portfolio
Mutual funds are heavily invested in papers issued by the so-called shadow banks, and, analysts say, a potential default at these banks could cripple many of these funds.
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Opinion: Modi Government Is Getting One Big Reform Right
According to one of India's most respected bankers, it's a once-in-a-lifetime opportunity -- a mammoth sale of distressed assets, some $40 billion in the first round. Much could go wrong, of course, especially given that so many powerful interests have so much money at stake in the process.
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SEBI Eases Norms For Acquisition Of Distressed Assets
The SEBI board also approved a proposal to tighten the rules for participatory notes through imposition of a regulatory fee on issuers of such instruments.
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Piramal To Partner Bain Capital For Distressed-Debt Investment
Piramal Enterprises Ltd said it would partner Bain Capital to invest in distressed assets, becoming the latest entrant in the space as the nation's banks are on a drive to clean up $120 billion of sour debt.
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Brookfield To Invest $1 Billion In Joint Venture With SBI For Distressed Assets
Canada's Brookfield Asset Management Inc plans to invest about $1 billion in Indian distressed assets through a joint venture with State Bank of India (SBI), the country's largest lender, where banks are battling a record $120 billion of sour debt.
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State Bank of India's Outlook Eases Pain Of Profit Fall
RBI chief Raghuram Rajan wants the lenders to have fully cleaned up their balance sheets by March 2017, after criticism that the banks were not correctly classifying distressed assets for years.
-
Banks Can Now Go For Compromise Settlement Of Wilful Defaults, Fraud Accounts
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
-
Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report
Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported today.
-
FTX Scrambles For Funds As Regulators Take Action
Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday.
-
Ripple Shows Interest in Troubled Crypto Lender Celsius' Assets, May Acquire It
Ripple Labs, the San Francisco-based blockchain company, is interested in acquiring the distressed assets of beleaguered cryptocurrency lender Celsius. The company asked the court to be represented in the ongoing bankruptcy proceedings, filings indicate.
-
Binance Donates $2.5 Million in Crypto Assets to UNICEF to Help Distressed Ukrainian Children
In order to help children in war-ridden Ukraine, Binance has donated $2.5 million (roughly Rs. 20 crore) in crypto assets to UNICEF. The names of these cryptocurrencies remain undisclosed. This is the second donation Binance has made to help Ukraine after it wired $10 million (roughly Rs. 75.5 crore) to the nation last week.
-
Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
-
Jaypee Infratech Case: Tribunal To Hear All Parties On NBCC Bid On July 17
The decision comes as a ray of hope for Jaypee Infratech's distressed home buyers, who want NBCC to take over the bankrupt company and its assets
-
RBI Panel For Rs 5,000 Crore Distressed Asset Fund For Small Enterprises
RBI panel also suggested a government sponsored fund of funds (FoF) to support venture capitalists and private equity firms investing in the MSMEs.
-
Anil Ambani Needs $2 Billion In Asset Sales To Save Last Stronghold
Reliance Capital Ltd., his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress plaguing the wider conglomerate.
-
Sebi Allows Mutual Funds To Separate Distressed Assets In Portfolio
Mutual funds are heavily invested in papers issued by the so-called shadow banks, and, analysts say, a potential default at these banks could cripple many of these funds.
-
Opinion: Modi Government Is Getting One Big Reform Right
According to one of India's most respected bankers, it's a once-in-a-lifetime opportunity -- a mammoth sale of distressed assets, some $40 billion in the first round. Much could go wrong, of course, especially given that so many powerful interests have so much money at stake in the process.
-
SEBI Eases Norms For Acquisition Of Distressed Assets
The SEBI board also approved a proposal to tighten the rules for participatory notes through imposition of a regulatory fee on issuers of such instruments.
-
Piramal To Partner Bain Capital For Distressed-Debt Investment
Piramal Enterprises Ltd said it would partner Bain Capital to invest in distressed assets, becoming the latest entrant in the space as the nation's banks are on a drive to clean up $120 billion of sour debt.
-
Brookfield To Invest $1 Billion In Joint Venture With SBI For Distressed Assets
Canada's Brookfield Asset Management Inc plans to invest about $1 billion in Indian distressed assets through a joint venture with State Bank of India (SBI), the country's largest lender, where banks are battling a record $120 billion of sour debt.
-
State Bank of India's Outlook Eases Pain Of Profit Fall
RBI chief Raghuram Rajan wants the lenders to have fully cleaned up their balance sheets by March 2017, after criticism that the banks were not correctly classifying distressed assets for years.
