Asset Reconstruction Companies (arcs)

The company had applied for an asset reconstruction company (ARC) license to the Reserve Bank of India (RBI) in November 2023.

RBI’s crackdown on Edelweiss ARC reveals a worrying governance landscape

India’s ARCs have an abysmal track record when it comes to recoveries and many are struggling to stay afloat. The RBI’s concern is serious governance lapses, something that it has warned in the case of Edelweiss ARC.

RBI committee releases suggestions to streamline functioning of ARCs

The suggestions include the creation of online platform for the sale of stressed assets and permitting ARCs to act as resolution applicants during the insolvency and bankruptcy process.

How to overhaul asset reconstruction companies? RBI paper has some answers

The design of the bad bank/ARC proposed by the government will be key to its success in resolving the NPA issue

RBI tightens asset acquisition norms for ARCs; bars purchase from sponsors, lenders

Under new norms, ARCs cannot acquire financial assets from a bank or financial institution which is its sponsor, lender or has subscribed to the fund raised by the ARC for its operations.

Bank of India to put up Rs 30,000 crore of bad loans for sale to ARCs

BOI has Rs 31,900 crore of loans filed under the NCLT as on March 2019.

Ideas for Profit: Edelweiss Fin Services strong Q1 performance led by credit business; Buy

With diversified business segments and unique growth drivers, the company stands to benefit from increased penetration of financials services

Arun Jaitley to address boards of RBI, Sebi on March 12

The address of the finance minister comes in the backdrop of the government's announcement of meeting current year's fiscal deficit target and sticking to the target of 3.5 percent.

Budget 2016: Hike in income tax slab, higher recapitalisation for PSBs likely

The government plans to hike the recapitalizing funds for the public sector banks. Hike in loan rebate, 100 percent FDI for asset reconstruction companies (ARCs) via the automatic route and sticking to fiscal deficit target of 3.5 percent are also on the cards, say sources.