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Edelweiss ARC to acquire education loan portfolio of Indian Overseas Bank at 60% discount

Edelweiss Asset Reconstruction Company won a distressed education loan portfolio at a 60% discount from Indian Overseas Bank () at an auction last week, said people aware of the matter. Lenders are blaming the surge in unemployment caused by Covid-19 for the rise in defaults in the education loans,

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Budget 2022: Assocham pitches for permanent refinance window for NBFC sector

Industry body Assocham has recommended setting up a refinance window for the NBFC sector and making banks' lending to non-banking financial companies under priority sector permanent for the upcoming Union Budget. The funding support to the non-banking finance companies (NBFCs) will ensure liquidity in the sector, as they play a

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Sovereign gold bond issue to open tomorrow: Should you subscribe?

NEW DELHI: The ninth tranche of the sovereign gold bond (SGB) scheme 2021-22 will open for subscription on Monday. This issue comes amid increased demand for bullion given heightened market risks. Investors can bid for a minimum of 1 gm of gold at Rs 4,786 against Rs 4,791 per gram

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