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.
California-based company Inversion introduced a reusable spacecraft, Arc, designed for rapid orbital cargo delivery anywhere on Earth in under an hour.
The rating agency in a report highlighted that IBC amendments specific to real estate projects will aid resolutions.
M Rajeshwar Rao was delivering keynote address at a conference on ‘Governance in ARCs – Towards Effective Resolutions’, held at Mumbai on May 17.
He further added that the ARC will be 100 percent subsidiary of Shriram Capital.