Asset Reconstruction Company

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

Move part of govt plan to start an asset reconstruction firm for stressed power assets

Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta to address the bad loans problem in India's banking sector

A panel headed by PNB CEO Sunil Mehta will come out with recommendations over setting up of an asset reconstruction company and/or asset management company for faster resolution of bank bad loans, says interim FM Piyush Goyal

Aditya Birla Capital to announce management team for ARC in next few weeks

Aditya Birla Group's ARC arm keen to tap into bad loan opportunity in India, open to partnering with foreign stressed assets investors, says Aditya Birla Capital CEO Srinivasan

Sebi in its next board meet on 18 September would take up listing of receipts issued by ARC, a senior official said

If Blackstone Group indeed sets up an ARC, it will be the latest among foreign private equity investors who have spotted the opportunity in stressed assets

KKR is considering the option of an independent ARC since it's far cheaper than buying into an already established ARC

The objective of the collaboration will be to streamline the operations of borrowers, facilitate deleveraging and arrange additional funding on a case-by-case basis