trending Market Intelligence /marketintelligence/en/news-insights/trending/Tko-pxHq9wxUpsG4fIPCmg2 content esgSubNav
In This List

Report: JM Financial plans to raise US$300M for distressed asset fund

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Report: JM Financial plans to raise US$300M for distressed asset fund

JM FinancialLtd. is planning to raise US$300 million for a distressed assetfund to help in acquiring bad bank assets, Mintreported July 15, citing "two people familiar with the matter."

The fund will work with JM Financial's asset reconstructioncompany JM Financial Asset Reconstruction Co. Pvt. Ltd., said one of the twopeople.

JM Financial has been acquiring bad loans through its assetreconstruction arm but wants to participate in larger transactions with the newfund, added the other person.

JM Financial declined to comment on the matter, Mint reported.