E-PaperAsset Reconstruction Co News
RBI tightens norms for ARCs to acquire financial assets
RBI stops asset reconstruction companies from buying assets from sponsor banks or financial institutions via bilateral deals An ARC shall not acquire assets in a bilateral deal from a bank or financial institution, which is either a lender to the ARC or a subscriber to the fund, if any, raised by the ARC for its operations
1 min read6 Dec 2019#Expert Shorts : How Asset Reconstruction Companies are seeing a structural shift
Given the sizeable opportunity and regulatory developments in the stressed assets space, Krishnan Sitaraman, Senior Director, CRISIL Ratings, discusses the Asset Reconstruction Company landscape and their changing business model. While on one hand the AUM of ARCs has touched a new milestone of crossing Rs 1 lakh crore as on March 2019, the sector is also witnessing a structural shift in the kind of investors group who are subscribing to the security receipts as contrast to the erstwhile scenario when it was largely selling banks and ARCs who were investing.
7 Nov 2019US-based Avenue Capital to acquire 27% stake in Arcil
Six investors of Asset Reconstruction Company of India (Arcil) have agreed to sell their stakes to Avenue Capital, says Arcil CEO Vinayak Bahuguna
3 min read13 Nov 2018ARCs need to up their game on recoveries
In case of SME defaults, of every 100 worth of bad assets bought at a price of about 65, ARCs could recover only 11 in the first four years of acquiring them
1 min read10 Oct 2018RBI not on high-level panel to resolve stress in power sector
RBI is not willing to relax norms to deal with bad loans and its representatives have not attended first and second meeting of the panel held on 31 August and 14 September
2 min read16 Sep 2018SBI halts debt sale
According to an SBI official, owing to the delay in resolution of Essar Steel, the lender had decided to offload its over ₹12,000-crore exposure to the distressed steelmaker
2 min read7 Sep 2018REC to seek central bank’s nod for Pariwartan ARC
Move part of govt plan to start an asset reconstruction firm for stressed power assets
2 min read5 Sep 2018ARCs seek tweaks in inter-creditor agreement to protect their interests
Asset reconstruction companies (ARCs) aren't happy with the 'standstill clause' which prohibits lenders from selling their loans to anyone but other banks and NBFCs once a borrower is referred for resolution under inter-creditor agreement
3 min read20 Aug 2018Sale of ARC receipts on bourses faces RBI hurdle
RBI is yet to give a green signal on who can subscribe to the receipts issued by asset reconstruction companies (ARCs) on exchanges
2 min read11 Jul 2018Mint Primer: What is Project Sashakt and how it will work
Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta to address the bad loans problem in India's banking sector
2 min read9 Jul 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared