 "edelweiss financial services")
Edelweiss Asset Reconstruction Company (Edelweiss ARC) plans to deploy Rs 1, 200 crore in buying out bad loans, mainly from the retail asset pool in the current financial year (FY23).
With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management (AUM) stood at Rs 40,251 crore at the end of March 2022.
The scale of AUM is expected to decline as a few corporate NPAs are now in the market. This is because most of them have been resolved. Deals are also increasingly being done in cash instead of
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