ARCIL, Ceberus in partnership with Arcion ARC submits EoI for Yes Bank's NPA pool
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ARCION ARC’s bid is in partnership with Cerberus Capital, a strong contender for Yes Bank’s portfolio. JC Flowers ARC and Cerberus were the only two entities that submitted binding bids for Yes Bank Rs 48000 crore bad loans.
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The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. Depositors will receive deposit insurance claim amount up to Rs 5 lakh from DICGC. As on November 30, 2023, DICGC has already paid Rs 45.22 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PEzW9QB via IFTTT
In a regulatory filing on Tuesday, SBI said it has approved setting up the trustee company as a wholly-owned subsidiary of the bank for managing the fund. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tNG6hOQ via IFTTT
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