Trends in Vogue inks pact with Bhartiya Mahila Bank

Trends in Vogue, a CavinKare initiative that manages hair saloons under Green Trends, has entered into an agreement with Bhartiya Mahila Bank to promote women entrepreneurship.Under the agreement, Green Trends plans to have 500 salons nationally set up by women entrepreneurs by the end of the current financial year, a top company official said today."We are happy to associate with Bhartiya Mahila Bank in providing collateral free loans to prospective franchises across the country, especially women. We believe it will not only ease the process...

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Banks sell Rs 10,000 crore of bad loans to ARCs in March

Faced with unprecedented levels of stressed assets, banks led by the country's largest lender SBI sold over Rs 10,000 crore of bad loans to asset reconstruction companies (ARC) in March alone."This single-month figure is higher than any other yearly number from the past," an industry source told PTI, wishing not to be named.Due to the high accretion of NPAs in the recent past -- the total NPAs stood at 4.2 per cent as of September 2013 -- the banks are being nudged to sell bad assets to the 14 ARCs.Together with restructured assets the total...

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