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Tag Archives: CRISIL

Crisil: PSBs may have to take 60% haircut

Credit rating agency Crisil has estimated that banks may be constrained to take a 60 percent haircut on the 50 top non-performing assets, based on their embedded value. Haircut refers to a lender settling for less as repayment from the borrower than the original amount. Krishnan Sitaraman, Senior Director, said,…

Infomerics gets RBI’s accreditation

Vipin Malik (Mentor & Director- INFOMERICS

  Infomerics Rating has received the approval from Reserve Bank of India to work as full-service rating firm. Following this approval, it has joined the league of Care Ratings, Crisil, ICRA, India Ratings, Brickwork Ratings and SMERA as the full-service firm. RBI’s accreditation enables Infomerics’ ratings of bank loans and/or…

Vinod Rai appointed first chariman of new Banks Board Bureau

Former CAG Vinod Rai was on Sunday appointed first Chairman of the Banks Board Bureau (BBB), which will advise the government on top-level appointments at public sector lenders and ways to address the bad loans problem among other issues. Besides, ICICI Bank’s former Joint Managing Director H N Sinor, Bank…

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