Federal Bank in tie up with Singapore's Scube Capital launches debt fund

Federal Bank in tie up with Singapore's Scube Capital launches debt fund

Federal Bank in tie up with Singapore's Scube Capital launches debt fundJan 28, 2022, 02:15 PM IST

Only NRI customers of the Kochi-based bank can invest in the US dollar fixed maturity bond fund, which targets to mop up around USD 200 million, Hemant Mishr, co-founder and chief executive of Scube Capital, told PTI on Friday.

Decks cleared for setting up of Bad Bank, SBI chairman says all approvals receivedJan 28, 2022, 02:10 PM IST

The National Asset Restructuring Company (NARCL) or what is popularly called a bad bank will help lenders in cleaning up their books by acquiring toxic assets and chasing truant borrowers.

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