The move follows an agreement by state-backed investors including Citic Group to recapitalise Huarong.
September 18, 2021The BSP has extended the higher single borrower limit and relief on loan classification, pending full operationalisation of the FIST Act.
May 6, 2021The RBI has set up an expert panel that will review the role of asset reconstruction companies in the resolution of stressed assets.
April 22, 2021The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.
November 16, 2020The decision was made based on “severe insolvency” found at Baoshang Bank. The last commercial bank allowed to go bankrupt in China was in 2001.
August 7, 202019 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.
April 21, 2020Under the new rules, local AMCs must price bad assets fairly and are prohibited from setting buyback terms in acquisition contracts to help financial institutions cover up bad assets.
July 17, 2019