Arc

JC Flowers seeks bids to sell Rs 2,613 crore of loans through Swiss auction

The anchor bid for the loan portfolio, which comprises 15,096 accounts, translates into a recovery of 9.08 per cent on the outstanding portfolio

RBI asks ARCs to become members of all credit information companies

ARCs are also asked to rectify the rejected data received from CICs and upload the same with the CICs within seven days of receiving such data

Phoenix ARC gets EOIs from ARCs for Rs 3,550 crore retail NPA sale

This portfolio put up for sale by Phoenix ARC includes 420 secured retail accounts of Rs 186.9 crore and 560,805 unsecured retail accounts totalling Rs 3,363 crore

Omkara ARC to buy Rs 6K cr NPA book of Stressed Asset Stabilisation Fund

After the revision in reserve price, NARCL and Omkara ARC put in binding bids to acquire the portfolio of NPAs, and subsequently, an auction was conducted to determine the winning bidder

JM Financial to increase stake in Credit Solutions, sell 71.79% ARC stake

To acquire additional 49% stake in JM Financial Credit Solutions

ARCs to see 500-700 bps higher recoveries from residential realty: CRISIL

Healthy economic growth and buoyant residential demand across housing segments in the top six cities will lead to 10-12 per cent growth in residential realty demand this financial year

Some ARCs bypassing regulations, lack transparency: RBI deputy governor

They are 'using innovative ways to structure transactions', says Swaminathan J

RBI bars Edelweiss ARC from acquiring financial asset with immediate effect

The central bank also bans Edelweiss arm ECL Finance from undertaking any structured transactions

JM Financial ARC's capital adequacy falls below regulatory norms

Existing investors to infuse up to Rs 1,000 crore equity

RBI flags supervisory concerns over functioning of debt recast companies

The Deputy Governor urged the ARCs to adopt a regulation-plus approach where there is compliance with both the letter of the regulation and its spirit

RBI set to meet ARCs on May 17; may discuss borrowing, settlement process

At present, there are no regulatory mechanisms in place for such funding

ARCs' bad loan portfolio to touch Rs 1.6 trillion by FY25, says CRISIL

The report said the growth in the future would largely be driven by higher acquisitions, though capped by quicker resolutions expected in retail assets

NARCL makes offers for Rs 1.7 trillion debt, bags only Rs 25K crore

Lenders' reluctance to accept SRs, lengthy negotiations dragging its work, says senior exec

SBI Caps asks ARCs to make final offers for Vidarbha Industries' debt

Aditya Birla ARC has joined hands with Varde Partners of Singapore to acquire the company's debt, said a banking source

OTS slows down recoveries from retail portfolios for ARCs to 35%: Report

Recoveries by asset reconstruction companies (ARC) from retail loan portfolios have slowed down to 35 per cent since the launch of the one-time settlement (OTS) scheme in October last year, a domestic rating agency said on Thursday. The ARCs have started following measured steps to ensure realizations, which has slowed down the pace of recovery, and the recovery timelines can have got stretched by three to four quarters, India Ratings and Research said in a report. Recoveries across retail loan, including housing and ones to micro, small and medium enterprises, have seen a drag, coming at 35 per cent of the principal outstanding during June-December 2022 review cycle, the agency said. The rating agency said a change in prescribed norms, which now require an independent advisory committee to examine all settlement of dues with borrowers including retail, SME and MSME loans may be resulting in this and added that as per OTS, all the methods of recoveries shall have to be exhausted ...

JC Flowers ARC makes claim on Subhash Chandra's no-compete fees

ARC says no-compete fees received from Sony should be used to repay local debt

Retail and MSME asset buying to drive ARC business in FY24: India Ratings

Expected credit loss model for banks; PCA for NBFCs levers to asset sale

ARC industry will need to reinvent itself

The RBI unveiled new regulations in October 2022, which enhanced governance standards and permitted ARCs to act as resolution applicants under the IBC's ambit

New UK govt examining our proposal, promised to come back soon: Narendran

We have highlighted to them our financial situation given the way things are in Europe, and we have been promised that they will come back soon

RBI conditional approval to Carlyle, Advent's stake buy in YES Bank

The fund-raising would be conducted through a combination of $640 million (Rs 5,100 crore) in equity shares and $475 million (Rs 3,800 crore) through equity share warrants, YES Bank had said