Project Sashakt
Finance
Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs
India will soon set up the long discussed ‘bad bank’ or an asset reconstruction company (ARC) to address rising non-performing ......
Finance
In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief
In May 2020, two people in the know told VCCircle that lenders are reconsidering the option of a so-called “bad ......
Finance
Banks weigh Sashakt panel-proposed fund to turn around stressed assets
Indian banks have revived discussions on setting up an asset management company and an alternative investment fund of around Rs ......
Finance
India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta
In early July, a panel led by Sunil Mehta, non-executive chairman at Punjab National Bank, proposed a five-pronged Project Sashakt ......
Finance
Project Sashakt panel engages with PE funds for AIF as investors seek clarity
A committee of bankers tasked with implementing Project Sashakt to ease the pile of bad loans on banks’ balance sheets ......
Finance
How PE funds, foreign banks are changing tack in battle for stressed assets
When Indian authorities started cracking down on banks’ bad loans two years ago, several private equity firms and stressed assets ......
Finance
Project Sashakt: Will PE investors warm up to the new plan to tackle bad loans?
Indian banks are sitting on a mound of toxic loans--a Rs 10 trillion hazard that could swallow large chunks of ......
