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ARC executives say the trend may pick up pace and is likely to continue for at least two years. "Now with the NARCL in the picture most of the corporate loans will go to them. Incrementally, for the next two years, we should expect most of NPAs to come from the non-corporate segments," said Mythili Balasubramanian, executive director at Edelweiss ARC.

Reliance Retail, the largest investor with 26% stake in Dunzo, is averse to the idea of slashing the valuation of the startup by nearly 50% in a fresh funding deal being stitched together by a set of existing investors.

PNB Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 crore, which constituted around 1.3% of the loan asset as of June 30, 2023, according to a stock exchange announcement

The structuring of these funds that provide equity upside for the top employees has led to bankers such as Shantanu Sahai and Rakshat Kapoor from Nomura, Deepak Sood of Barclays, and Anuj Kapoor from UBS to take up roles in private credit funds.

The bond issue is likely to have a base size of 500 crore and a greenshoe option of 1,400 crore, sources said. “They will most likely look at August 23 for the bidding,” a source said.

Bidding for the bond sale is likely to take place on August 23. On July 14, MTNL informed the exchanges that it had received in-principle approval to issue bonds worth up to 6,661 crore via private placement in the current financial year.

The Board approved raising of funds up to Rs 5000 crore through issue of equity shares via qualified institutions placement.

The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece. The company, which has multiple lines of business in finance, was spun off from Reliance Industries.

In the fully accessible route (FAR) for government securities, the aggregate holding of foreign investors in their most favoured long-term bond has fallen by ₹1,192.6 crore over the past couple of months even as investment in other securities has remained broadly steady.

The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders.