Wed, November 27, 2024

[ Wed, Nov 27th 2024 ]: Bill Williamson

Ujjivan Small Finance Bank Completes Sale Of Bad Loans Worth Rs 270 Crore

[ Wed, Nov 27th 2024 ]: Bill Williamson

To Get Rid of Woke, Understand How It Got Started

[ Wed, Nov 27th 2024 ]: Bill Williamson

Sonata Software Wins Multi-Million Dollar Moderni .. ustralia From A Global Leader In Access Solutions

[ Wed, Nov 27th 2024 ]: Bill Williamson

Working in a bank and NBFC is no different, thank .. tory scrutiny: Sudipto Roy, MD & CEO, L&T Finance

[ Wed, Nov 27th 2024 ]: Bill Williamson

Best Banks: Top Choices for Savings, Checking, Customer Service and More

[ Wed, Nov 27th 2024 ]: Bill Williamson

British Business Bank announces Community ENABLE .. bility of funding to social impact sector lenders

[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

WOMANi Symposium explores challenges and opportunities in leadership

[ Wed, Nov 27th 2024 ]: Bill Williamson

FE CFO Connect Conclave, 2024 to see finest minds .. from the finance arena brainstorm & swap insights

[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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[ Wed, Nov 27th 2024 ]: Bill Williamson

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Tue, November 26, 2024

[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

UWL naming fieldhouse after retired vice chancellor Bob Hetzel

[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

Comment: In the race to reduce emissions we need to be playing by the same rules

[ Tue, Nov 26th 2024 ]: Bill Williamson

Federal agency raises the size of most single-fam .. ly loans the government can guarantee to $806,500

[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

VLS Finance Standalone September 2024 Net Sales at Rs 74.24 crore, down 6.28% Y-o-Y

[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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[ Tue, Nov 26th 2024 ]: Bill Williamson

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Ujjivan Small Finance Bank Completes Sale Of Bad Loans Worth Rs 270 Crore

The board of Ujjivan Small Finance Bank has approved to sell non-performing assets and written-off loans worth over Rs 270 crore to an asset reconstruction company, the bank said in an exchange filing. The small finance bank has completed the sale for Rs 40.5 crore.
Ujjivan Small Finance Bank has successfully completed the sale of bad loans amounting to Rs 270 crore to asset reconstruction company, Edelweiss ARC. This transaction involved the transfer of 1,146 non-performing accounts, with the bank receiving a cash consideration of Rs 60 crore. The sale was executed through an auction process, adhering to the Swiss Challenge method, and was part of the bank's strategy to clean up its balance sheet by offloading non-performing assets. This move is expected to help Ujjivan SFB improve its asset quality and focus on core banking operations.

Read the Full ndtvprofit Article at [ https://www.ndtvprofit.com/business/ujjivan-small-finance-bank-completes-sale-of-bad-loans-worth-rs-270-crore ]