Arc

A prolonged clean-up of corporate balance sheets, competition from the government-backed so-called bad bank, and the sharp rise in stress within unsecured retail and small-business lending have together pushed ARCs into the non-corporate bad debt segment.

Inversion’s arc spacecraft aims to transport cargo delivery anywhere on Earth in less than an hour

California-based company Inversion introduced a reusable spacecraft, Arc, designed for rapid orbital cargo delivery anywhere on Earth in under an hour.

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

The rating agency in a report highlighted that IBC amendments specific to real estate projects will aid resolutions.

RBI deputy governor urges ARCs to implement revised framework, says failure may lead to strict action

M Rajeshwar Rao was delivering keynote address at a conference on ‘Governance in ARCs – Towards Effective Resolutions’, held at Mumbai on May 17.

Shriram Capital applies for Asset Reconstruction Company licence with RBI

He further added that the ARC will be 100 percent subsidiary of Shriram Capital.

Bandhan Bank to sell stressed assets to ARC for the first time: Source

The written off amount was on account of small businesses and agriculture loans (SBAL) or micro-credit advances, the source said.

Bandhan Bank receives Rs 801-crore binding bid for sale of stressed assets

Bandhan bank said it will bid as per Swiss challenge method decision of sale.

LIC's move to sell Reliance Capital's debt to ARC upsets lenders, bidders

The last date for submitting binding bids for Reliance Capital Ltd (RCL) and its subsidiaries is November 28.

Yes Bank expects to close stressed asset sale to JC FLowers ARC by this month-end: CEO Prashant Kumar

The transfer of dud loans of over Rs 48,000 crore to the asset reconstruction company (ARC) will happen by November, the lender's chief executive and managing director Prashant Kumar told reporters here.

Yes Bank open to acquiring microfinance entity as $1.1 billion fundraise gains pace, MD says

The private lender aims for conscious growth this fiscal and is open for acquisitions

Received two EoIs for Rs 48,000 stressed loan pool auction: Prashant Kumar, YES Bank MD

YES Bank Board had on July 15 approved US based JC Flowers Asset Reconstruction Company's bid to be considered the base bid for the proposed sale of stressed assets via Swiss challenge auction.

JC Flowers to be base bidder for YES Bank's sale of Rs 48,000 crore of toxic loans

The sale of GNPAs would be done through Swiss Challenge method

Exclusive Interview: YES Bank to raise Rs 7,500 crore this fiscal, ARC announcement 'any day' now, says MD Kumar

“I understand very little about the market. I think the most important part for us is in terms of continuously giving an improved and sustainable performance. I think we as a team are great,” Kumar said.

JBF Petro lenders get two offers for $463.38 million of outstanding loans

The bids by Asset Care & Reconstruction Enterprise and Dubai-based Citax Energy equate to 35 paise and 41 paise, respectively, on the rupee

Exclusive interview | Arcil MD & CEO Pallav Mohapatra says stress seen in retail, MSME segments; ARCs must prepare

Arcil is in talks with fintech players to use predictive analysis and artificial intelligence-based systems that can ease the processes of acquisition and collection in the small borrower segment.

State Bank of India puts two corporate bad loan accounts worth Rs 410 crore on sale

The two accounts are Kamachi Industries and Tantia Agrochemicals. The bank’s exposure to Kamachi Industries stands at Rs 355.93 crore and that to Tantia at Rs 53.52 crore.

Here's a look at Arc Vector - the electric bike that can do 0-100 kmph in just 3.2 seconds

The motorcycle is supported by a carbon fibre swingarm, Ohlins TTX suspension on both ends and Brembo brakes on both tires. It has a kerb weight of 220 kg, making it an incredibly nimble motorcycle.

Avenue Capital to buy out 27% Arcil stake from IDFC Bank, GIC, 4 others

Arcil has made an application to the RBI (Reserve Bank of India) involving a transfer of shares from existing shareholders including Singapore sovereign fund GIC, First Rand Bank, Barclays, IDFC Bank and Karur Vysya Bank

Final guidelines for ARC sponsors soon: RBI official

The Reserve Bank will formalise the 'fit and proper' criterion for sponsors of asset reconstruction companies for regulations

Bhushan Steel loans worth Rs 2,500 cr from two banks to be bought over by ACRE

Assets Care and Reconstruction Enterprise (ACRE), an asset reconstruction company, is set to buy the bad loans worth Rs 2,500 crore of Bhushan Steel accounts from two public sector banks.

Edelweiss ARC plans to buy Rs 1500-Rs 2000 cr bad loans in FY18, eyes steel sector

One of the largest ARCs in the country, sponsored by Edelweiss Group, it has already bought bad loans worth Rs 630 crore from banks in the three month period from April to June this year.

ARCs bought bad loans worth Rs 35k cr in FY17; ICICI Bank, Axis Bank top sellers

Edelweiss ARC bought almost two-thirds of the NPAs, which were worth Rs 22,000 crore.

Only about half of Rs 15,000-crore bad loans on sale to ARCs may find buyers

Even as the deadline to clean up bad loans approaches with the financial year end, banks are likely to see only a 50 percent success in their asset sales worth Rs 15,000 crore to asset reconstruction companies (ARCs) due to pricing mismatch and legal recovery hurdles.

PNB plans sale of Rs 1,800 crore bad loans to ARC this month

"Certain accounts are in the pipeline, may be assets around Rs 1800 crore, and these will be put on the block during the current fiscal," PNB Managing Director Usha Ananthasubramanian told PTI.