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Articles for Arcs, search results for asset

Asset reconstruction companies see spike in unsecured loan sales by lenders
2 weeks, 5 days ago

Asset reconstruction companies see spike in unsecured loan sales by lenders

Live Mint  

Mumbai: Asset reconstruction companies are seeing a spike in the sale of bad debt in the unsecured retail loan portfolios of banks and non-banks, as stress rises in the microfinance and personal loan segments. Banks and non-bank lenders have been putting up more unsecured retail loans for sale to asset reconstruction companies over the past six months. Another challenge is …

Reconstruction Companies Loans Loan Rbi Banks Asset
Why this class of companies is waiting for more corporate failures
3 months, 3 weeks ago

Why this class of companies is waiting for more corporate failures

Live Mint  

Mumbai: On a humid evening in May, a group of executives from various asset reconstruction companies gathered at the ballroom of hotel President in Cuffe Parade, Mumbai. The third and more recent challenge is the advent of India’s so-called bad bank, the state-owned National Asset Reconstruction Company Ltd. As a rule, the industry thrives when the level of corporate non-performing …

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ARCs or their recovery agents should not harass borrowers says RBI Dy Governor Rao
6 months, 3 weeks ago

ARCs or their recovery agents should not harass borrowers says RBI Dy Governor Rao

Deccan Chronicle  

Mumbai: The Reserve Bank of India’s deputy governor M Rajeshwar Rao said that governance in asset reconstruction companies is a concern for the central bank. Speaking at the conference on “Governance in ARCs-Towards effective resolutions” held this month, the speech which was uploaded on the central bank’s site on Friday, Rao said that promoters in an Indian market are large …

Bank Rao Arcs
At the crossroads: How are ARCs to augment their capital to Rs 300 crore?
2 years, 1 month ago

At the crossroads: How are ARCs to augment their capital to Rs 300 crore?

Business Standard  

At the crossroads: How are ARCs to augment their capital to Rs 300 crore? The asset reconstruction business is in for a big change, but there are doubts if this will lead to better results Premium The RBI had made it clear that in respect of a specific corporate insolvency resolution process, ARCs will not retain significant influence or control …

Arcs 300 Crore
As banks can now sell ‘fraud loans’, what does this mean for Indian banks
3 years ago

As banks can now sell ‘fraud loans’, what does this mean for Indian banks

Live Mint  

The Indian banking regulator Reserve Bank of India has now allowed banks to transfer stressed loans or which have been classified as NPAs to the asset reconstruction companies. The RBI issued guidelines for transfer of these loans from banks to these companies in September 2021. The RBI, in a master direction issued on September 24, 2021, said, “A robust secondary …

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NARCL: Another brick in the wall; not too different from other ARCs
3 years, 3 months ago

NARCL: Another brick in the wall; not too different from other ARCs

Business Standard  

National Asset Reconstruction Company Limited is another attempt being made to resolve the NPA issue. DRTs, Lok Adalats, ARCs and IBC have all been routes chosen by the government in the past to take on the bad loans of banks so that they could concentrate on banking rather than resolving bad loans. IBC too has witnessed diminishing returns literally with …

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RBI to set up panel to undertake comprehensive review of Asset Reconstruction Companies
3 years, 8 months ago

RBI to set up panel to undertake comprehensive review of Asset Reconstruction Companies

India TV News  

To facilitate smooth functioning of Asset Reconstruction Companies, the Reserve Bank of India on Wednesday decided to set up a panel to undertake a comprehensive review of the working of such institutions. "Since then, ARCs have grown in number and size but their potential for resolving stressed assets is yet to be realised fully," RBI Governor Shaktikanta Das said on …

Financial Sector Rbi System Comprehensive Review Stressed Assets Undertake Comprehensive
RBI's Fair Practices Code For Asset Reconstruction Companies – A Respite Or Woe
4 years, 4 months ago

RBI's Fair Practices Code For Asset Reconstruction Companies – A Respite Or Woe

Live Law  

Recently Reserve Bank of India has advised Asset Reconstruction Companies to adopt 'Fair Practices Code' so as to ensure transparency and fairness in their operation and issued guidelines on 16th July 2020. Now, in order to enhance transparency in the process of sale of secured assets, para 2 of RBI FPC dated 16/7/2020 has created and other essential member / …

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