Business Standard

Arcs

IOB invites EoIs for Rs 1,067 crore bad loans through open offer

ARCs interested in acquiring the bad loans have to complete their due diligence on the accounts by August 12

IOB invites EoIs for Rs 1,067 crore bad loans through open offer
Updated On : 31 Jul 2024 | 11:16 PM IST

Some Indian asset recast firms circumventing rules: RBI deputy Swaminathan

The RBI has increased supervision of regulated entities to prevent systemic risks and to ensure that regulations are followed

Some Indian asset recast firms circumventing rules: RBI deputy Swaminathan
Updated On : 29 May 2024 | 2:51 PM IST

RBI's compiled master direction on ARCs to be effective from April 24

'Non-complying ARC shall be subject to supervisory action,' says regulator

RBI's compiled master direction on ARCs to be effective from April 24
Updated On : 24 Apr 2024 | 7:19 PM IST

Assets should ideally be churned within five yrs: Arcil's Pallav Mohapatra

In a Q&A, the MD & CEO of the firm dwells on its business model and the focus on retail assets to drive volume, going forward

Assets should ideally be churned within five yrs: Arcil's Pallav Mohapatra
Updated On : 28 Mar 2023 | 11:13 PM IST

Reserve Bank of India tightens norms for ARCs on income recognising fee

They will have to reduce unrealised management fees where the net asset value of the Security Receipts has fallen below 50 per cent of the face value

Reserve Bank of India tightens norms for ARCs on income recognising fee
Updated On : 20 Feb 2023 | 11:13 PM IST

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

JM Financial ARC plans recoveries worth Rs 1,000 cr in 18 months
Updated On : 22 Nov 2022 | 8:29 PM IST

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

RBI's revised ARC norms improve governance; may shake up industry
Updated On : 12 Oct 2022 | 10:40 PM IST

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty
Updated On : 12 Oct 2022 | 8:20 PM IST

Lenders in talks with ARCs to sell Reliance Naval & Engineering loans

Lenders worried over their Rs 14,000-cr exposure in shipyard

Lenders in talks with ARCs to sell Reliance Naval & Engineering loans
Updated On : 18 Jul 2022 | 11:42 PM IST

Price discovery in the times of NARCL

NARCL has a competitive advantage over private asset reconstruction companies, because it comes with deep pockets and a government guarantee

Price discovery in the times of NARCL
Updated On : 13 Feb 2022 | 11:39 PM IST

SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect

SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr
Updated On : 07 Feb 2022 | 12:23 AM IST

Interpretation of ARC maladies

Regulatory oversight and supervision of ARCs need a revamp and, like other regulated entities, rogue ARCs should be punished

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Updated On : 19 Dec 2021 | 10:59 PM IST

Sell bad debts early, let ARCs take part in IBC: RBI committee

About 80 per cent of the recovery ARCs made came through the "deployment of measures of reconstruction that do not necessarily lead to revival of businesses"

Sell bad debts early, let ARCs take part in IBC: RBI committee
Updated On : 03 Nov 2021 | 12:32 AM IST

RBI constitutes six-member panel headed by former ED to review ARCs

The panel will recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector

RBI constitutes six-member panel headed by former ED to review ARCs
Updated On : 20 Apr 2021 | 1:13 AM IST

IBBI allows transfer of illiquid assets and debt for quicker case closure

The rules come at a time when the liquidation process takes much longer than envisaged under IBC

IBBI allows transfer of illiquid assets and debt for quicker case closure
Updated On : 18 Nov 2020 | 11:34 PM IST

RBI directs ARCs to train recovery agents not to harass borrowers

Wants grievance redressal mechanism in place, says ARCs will be responsible for agents' actions

RBI directs ARCs to train recovery agents not to harass borrowers
Updated On : 17 Jul 2020 | 1:51 AM IST

Adopt fair practices to prevent illicit debt recovery methods: RBI to ARCs

RBI asked ARCs to adopt a board-approved 'Fair Practices Code', which, among other things, should prohibit the use of uncivilised, unlawful and questionable behaviour for recovery of loans

Adopt fair practices to prevent illicit debt recovery methods: RBI to ARCs
Updated On : 16 Jul 2020 | 5:10 PM IST

Centre may tell IBA to set up 'bad bank' with financial support from banks

The IBA had proposed a national-level asset reconstruction company (ARC) owned by the government with its capital infusion worth Rs 10,000 crore

Centre may tell IBA to set up 'bad bank' with financial support from banks
Updated On : 08 Jul 2020 | 6:27 AM IST

Inevitability of defaults: Promoters gripe over loans being sold to ARCs

'Once the moratorium is lifted, we expect several companies to default. The bank will have no other option but to either restructure the loan or sell it to ARCs,' says a banker

Inevitability of defaults: Promoters gripe over loans being sold to ARCs
Updated On : 06 Jul 2020 | 10:16 PM IST

ARCIL looks to increase return on assets to over 10% in next 3 years

The firm has also started purchasing some assets with Avenue Capital as a co-investor

ARCIL looks to increase return on assets to over 10% in next 3 years
Updated On : 16 Nov 2019 | 10:57 PM IST