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Feedback Infra To Offer Integrated Solutions For Operating And Managing Stressed Assets

Feedback Infra has set up a Stressed Asset Management Group (SAMG) that offers operational and managerial solutions for the infrastructure projects that banks, asset reconstruction companies, and equity funds have, or will be taking over under various RBI schemes

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Feedback Infra has set up a Stressed Asset Management Group (SAMG) that offers operational and managerial solutions for the infrastructure projects that banks, asset reconstruction companies, and equity funds have, or will be taking over under various RBI schemes.

Resolving stressed or non-performing assets has become one of India’s biggest economic and banking challenges. In this, the critical task is to manage the day-to-day operations and finances to bring the entity out of stress, even as the accounting and insolvency procedures continue.

Vinayak Chatterjee, Chairman, Feedback Infra said: “Our proven experience in infrastructure services from concept to commissioning to operations has been leveraged to create India’s first dedicated team of infrastructure professionals to offer turnaround services to banks, financial institutions, and promoters.”

SAMG comprises thirty infrastructure professionals, who are backed by the 8,500-strong Feedback Infra team of consultants, engineers, and asset operators.  In the last six months, SAMG has won orders to handle assets worth Rs. 22,000 crore on behalf of clients like State Bank of India, ICICI, Punjab National Bank, Edelweiss ARC, and others leading financial institutions.   These already constitute a significant percentage of the estimated Rs. 700,000 crore of stressed assets in infrastructure (excluding metals, minerals, and other sectors).

Y. Srinibas, Head, SAMG, says, “As more and more banks and financial institutions realize that SAMG’s integrated operational and managerial offerings for their stressed assets are a critical element in their resolution process, I am confident that in the next twelve months SAMG will triple its business size and handle stressed assets worth Rs 60,000 crore.”

Feedback Infra has taken steps to insulate its work on stressed assets from that of its other advisory work, to prevent any conflict of interest.