India is accelerating its move away from petrol and diesel, signaling a post-fossil fuel era for transport. Driven by economic, environment...

The Reserve Bank requires Asset Reconstruction Companies (ARCs) to join all credit information companies and submit relevant data in a stan...

The ARC lobby group has been asking the authorities to relax these norms for small-ticket loans. The process may be followed only in case o...

In 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...

The Reserve Bank of India recently pushed forward new regulatory guidelines for asset reconstruction companies (ARCs) and reports say that ...

According to Crisil Ratings' analysis, the new norms announced by the Reserve Bank last Tuesday for ARCs, however, will require them to inc...

In May, banks decided to appoint Padmakumar M Nair, chief general manager in charge of stressed assets in SBI, as the MD of the NARC. Accor...

It is estimated that ARCs have bought a total of Rs 6,000 crore of bad loans so far this fiscal from banks.

Higher capital requirement means that some smaller ARCs may not be able to raise the required capital & will have to either close or merge ...

DIPP last week notified relaxation of FDI norms for ARCs by allowing 100 per cent overseas investment through the automatic route.

Asset reconstruction companies have sought relaxation on ownership rules, a move that could spur sale of bad loan sales in the sector.

The Reserve Bank of India (RBI) diktat to asset restructuring companies (ARCs) to pay more cash upfront for bad loans is beginning to bite.

Higher cash payout has prompted ARCs to reduce the valuation of the loan. But this has not gone down too well with the commercial banks.

The RBI tightened the norms for ARCs following a massive spike in their assets under management saw a four-fold increase to Rs 42,000 crore...

The new norms are aimed at checking a sudden spurt in the sale of bad loans to ARCs at unrealistic prices and making ARCs more accountable.

The finance ministry has asked the corporate affairs ministry to dilute the norms for appointment of nominee directors in ARCs.

Commercial banks and ARC are considering joining hands to standardise the process for auction of stressed assets in the banking sector, a m...