Arc

Recoveries to double for stressed roads by FY27 on traffic: Crisil

Crisil said ARC recoveries from stressed highway assets could exceed 120% by FY27 as BOT projects turn viable after debt haircuts, higher traffic and faster resolutions via NHAI payments and IBC

Bandhan Bank's ₹7,000 crore MFI portfolio sale evokes interest from ARCs

At right price, ARCs are eager to acquire the portfolio

ARCs earning from SR redemption up 15.8% in FY25 on better recovery

ARCs see 15.8 per cent growth in SR redemptions to Rs 43,256 crore in FY25; SR issuance declines, total dues acquired rise to Rs 16.14 trillion

Sebi permits all NBFCs, HFCs to invest in security receipts by ARCs

Markets regulator Sebi has allowed all non-banking financial companies (NBFC), including housing finance companies, to invest in security receipts issued by Asset Reconstruction Companies (ARCs), a move aimed at encouraging investments in the bad loans space. This has widened the scope of participants who can acquire security receipts from ARCs, thereby boosting liquidity in the distressed asset market. ARCs are set-up to acquire bad loans from banks and financial institutions after appropriate haircuts and issue security receipts (SRs). In a gazette notification issued on February 28, Sebi said, "all NBFCs including HFCs regulated by the Reserve Bank of India (RBI) are hereby specified as qualified buyers for the purposes of SARFAESI Act (the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002)". This comes with safeguards to avert defaulting promoters from claiming back the secured assets through SRs. Sebi said that su

'Risk appetite for microfinance portfolios among ARCs not that high'

In acquisition, we are almost there. And in terms of recovery, if I take the target up to December, we have achieved it, said Pallav Mohapatra, MD & CEO of Asset Reconstruction Company

ARCs open to acquiring non-performing MFI loans, but only at right price

Industry-wide stress in the microfinance sector has built up due to unchecked credit growth and multiple loan disbursements to the same customers, resulting in overleveraging among borrowers

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