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Don’t miss the latest developments in business and finance.
JM Financial ARC plans recoveries worth Rs 1,000 cr in 18 months
Company added Rs 600 crore in assets in six months, as it makes recoveries from acquisitions earlier
RBI's revised ARC norms improve governance; may shake up industry
Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth
JM ARC plans to double assets under management over the next 24 months
The new business plans can involve replacing the stressed or defaulting firms' existing management with reputed industry professionals
