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Tag Archives: asset

PM Modi blames UPA for Non-Performing Asset 

Prime Minister listed out the steps his government has taken to tackle corruption in the banking sector. He said that action has been initiated against 12 big NPA defaulters who were given loans before 2014. They were given loans worth nearly Rs. 1.45 lakh crore.  Steps are also being taken ... Read More »

IBC an opportunity for asset reconstruction cos: Arun Jaitley

Insolvency and Bankruptcy Code (IBC) and the government’s emphasis on resolution provide opportunity for asset reconstruction companies as stressed assets still have inherent value, Finance Minister Arun Jaitley said. During discussions with Asset Reconstruction Companies (ARCs) and Private Equity firms (PE) today, he said these non-performing assets (NPAs) were essentially ... Read More »