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Union Bank of India to sell its 8 pc stake in ISARC to Dhansamridhi Finance

Union Bank of India to sell its 8 pc stake in ISARC to Dhansamridhi Finance

[ad_1] Union Bank of India on Wednesday said it will sell its 8 per cent stake in India SME Asset Reconstruction Company. "The bank has executed an agreement on April 6, 2022 for sale of its 8 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) in favour

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Rs 50,000 cr loans to be transferred to bad bank by April-end: Union Bank MD

Rs 50,000 cr loans to be transferred to bad bank by April-end: Union Bank MD

[ad_1] Transfer of 15 bad loan accounts worth Rs 50,000 crore to the National Asset Reconstruction Company could not be completed within the deadline due to procedural delays, Union Bank of India Managing Director and CEO Rajkiran Rai G on Wednesday said, and assured that the process will conclude by

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Ireda sanctions highest-ever loan of about Rs 24k cr in 2021-22

Ireda sanctions highest-ever loan of about Rs 24k cr in 2021-22

[ad_1] State-owned Indian Renewable Energy Development Agency has recorded its highest-ever loan sanction of Rs 2,3921.06 crore and disbursement of around Rs 16,070.82 crore in 2021-22. "Indian Renewable Energy Development Agency Ltd (IREDA), the largest dedicated lender of Renewable Energy in India ended FY2021-22 with its best-ever performance to date.

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NPAs to reduce in Q4, industry loss to be restricted to 5-6% of total microfinance loans, says Bandhan Bank MD Chandra Shekhar Ghosh

NPAs to reduce in Q4, industry loss to be restricted to 5-6% of total microfinance loans, says Bandhan Bank MD Chandra Shekhar Ghosh

[ad_1] Bandhan Bank’s managing director Chandra Shekhar Ghosh said its asset quality has improved in the fourth quarter with normalization of business and overall economic recovery. In an exclusive interview with ET’s Atmadip Ray, Ghosh said that with improving loan recovery, the bank’s profitability would increase because of write back

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