On 14 Nov, the Competition Commission of India (CCI) has approved the merger of the BNP Paribas (BNPP) Mutual Fund and the Baroda (BOB) Mutual Fund, under the Competition Act, 2002. The parties propose to amalgamation includes BOB BOB Asset Management Company (AMC) into BNPP AMC and BNPP Trustee Company (TC) into BOB TC. After ..
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Sunil Mehta committee constituted to examine setting up of ARC for faster resolution of stressed assets of Public Sector Banks (PSBs)
The Union finance ministry has set up a committee to examine the possibility of setting up an Asset Reconstruction Company (ARC) or an Asset Management Company (AMC) to fast track resolution of stressed assets. Punjab National Bank’s non executive chairman Sunil Mehta will head the panel. The Committee will consider whether such an arrangement will ..