RBI eases settlement norms for ARCs, resolutions could quickenThe RBI has revised the guidelines for asset reconstruction companies (ARCs), allowing them to settle dues with borrowers after evaluating ...
21 Jan, 2025, 06.52 AM IST
RBI asks ARCs to become members of all 4 credit information companiesThe Reserve Bank requires Asset Reconstruction Companies (ARCs) to join all credit information companies and submit relevant data in a stan...
10 Oct, 2024, 06.50 PM IST
ARCs request RBI to simplify 'rigid' settlement processThe RBI had introduced a unified framework in June 8, 2023, for compromise settlements and technical write-offs for all entities such as ba...
01 Dec, 2023, 06.32 AM IST
Asset recast companies hopeful of RBI fillip to help tackle Rs 6 lakh crore of soured loansNew guidelines in the works may include more qualified buyers which can deepen the market.
24 Apr, 2023, 06.57 AM IST
RBI showcauses ARCs after audit following Income Tax raidsIn December 2021, the I-T department carried out a search and seizure of 60 premises of four ARCs - Omkara ARC, Rare ARC, CFM ARC, and Inve...
01 Mar, 2023, 12.39 AM IST
New RBI norms for ARCs makes it tougher to offload retail NPAsThe Reserve Bank of India recently pushed forward new regulatory guidelines for asset reconstruction companies (ARCs) and reports say that ...
04 Nov, 2022, 10.55 AM IST
New RBI norms to structurally strengthen asset reconstruction companies & lead to consolidation: CRISILAccording to Crisil Ratings' analysis, the new norms announced by the Reserve Bank last Tuesday for ARCs, however, will require them to inc...
17 Oct, 2022, 04.49 PM IST
RBI could allow ARCs as resolution applicants soonIn the final ARC guidelines to be issued soon, the regulator is also likely to allow rehabilitation companies to acquire financial assets f...
08 Apr, 2022, 06.06 AM IST
RBI rejects plan to sell Aircel assets to UVARCL, says proposal does not conform to norms for ARCsAccording to people aware of the development, RBI has refused to give permission to the resolution plan on the grounds that it does not con...
27 Aug, 2020, 08.55 AM IST
Asset reconstruction companies ask RBI to address regulatory gaps between IBC and Sarfaesi ActThis comes after the RBI rejected UV Asset Reconstruction Company’s resolution proposal for bankrupt Aircel on the grounds that ARCs cannot...
27 Aug, 2020, 07.26 AM IST
RBI rolls out norms for Ind-AS implementation by NBFCs, ARCsThe guidelines mandate NBFCs/ ARCs to put in place board-approved policies that clearly articulate and document their business models and p...
14 Mar, 2020, 09.57 AM IST
In ARCs, the sweet spot is in the medium and medium large cases: Siby Antony, Edelweiss ARC“Haircut is a function of the quality of the underlying asset.”
21 Feb, 2018, 03.31 PM IST
ARC funds cap hiked to drive cash sales of NPAsHigher capital requirement means that some smaller ARCs may not be able to raise the required capital & will have to either close or merge ...
07 Apr, 2017, 09.38 AM IST
- ARCs can replace top team of defaulter cos
Asset reconstruction cos will have to give 60-day notice henceforth.
23 Apr, 2010, 02.04 AM IST
- Asset reconstructors may get to revive sinking firms
Asset reconstruction companies can appoint professionals on the boards of companies to turn them around and tie up with non-banking financi...
08 Dec, 2008, 12.52 AM IST
- Asset recast cos may find it easier to convert bad loans into equity
The business of buying non-performing assets from banks and turning them around is likely to become hassle-free for asset reconstruction co...
26 Mar, 2007, 12.33 AM IST
- ARCs can set up JVs to buy specific assets
RBI has permitted asset reconstruction companies to set up joint ventures to acquire specific assets. The much-awaited draft guidelines for...
19 Dec, 2002, 12.12 AM IST