What is a bad bank?
A bad bank is a special type of financial institution that buys bad loans or non-performing assets (NPAs) of lenders at a mutually agreed discounted value. The bad bank will then try to recover the money or look to turn the fortunes of the debtor. The recovered money is then sent to the bank in the form of upfront cash payment and government guaranteed security receipts (if the bad bank defaults in payment). India’s bad bank is estimated to solve ₹2 lakh crore worth of bad loans and help banks by taking away NPA off the books.
source https://rb.gy/fhezhq
What is a virtual digital asset?
A virtual digital asset is any information, code, number or token which is generated through cryptography. An example of a virtual digital asset is the cryptocurrency or non-fungible token (NFT). The finance minister in the Union Budget '22-23 proposed 30% tax on income from the transfer of any virtual digital asset.
source https://rb.gy/cdlko1
What is an open offer?
When company A acquires a majority stake in company B, it is required to provide an opportunity to the existing shareholders of company B to sell their shares. This is referred to as an open offer. In India, an open offer is triggered when a company buys a controlling or 25% stake in a listed company. The acquirer has to make an open offer to buy at least an additional 26% stake in the company. It is seen as an exit route for the minority shareholders in the event of a new management taking over
source https://rb.gy/kiweqv
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