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ARC TRANSACTIONS
Hollywood to Bollywood no more: US makes a move in India's backyardThe United States has renamed its Indo-Pacific Command back to Pacific Command. This change signals a strategic shift away from broad allia...- ED searches at 17 locations in corporate insolvency process caseThe Enforcement Directorate has launched a money laundering probe, conducting searches across 17 locations in Maharashtra and Delhi. The in...
- Stocks in news: HCL Tech, Bharti Airtel, SBI, Adani Enterprises, GMR AirportsIndian equities opened the week strong, with the Sensex and Nifty gaining nearly 1% each on positive global sentiment. Key stocks in focus ...
- PIL in Supreme Court alleges Rs 1,500 cr banking fraud, seeks court-monitored probeA PIL has been filed in the Supreme Court. It seeks a court-monitored investigation into alleged banking frauds. The case involves asset re...
- Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai PoliceMumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore f...
- SBI cards sells Rs 1,800-crore bad loans to Integro FinservSBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, v...
- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- Mesabi Metallics secures $150 million from Macquarie for Minnesota iron ore projectMesabi Metallics, a proud member of the Essar Group, has successfully garnered USD 150 million in funding from Macquarie Group. This invest...
- RBI Dy Guv urges ARCs to adopt regulation plus approachThe Reserve Bank of India (RBI) has criticized asset reconstruction companies (ARCs) for their use of distressed assets and innovative stru...
- Encore ARC acquires IndoStar Capital's distressed loan book of Rs 292 croreBrookfield and Everstone-backed IndoStar sells bad loans under a senior-junior structure under a Swiss auction. The senior class comprises ...
- 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...
- Banks won't auction stressed loans covertlyBanks in India will no longer be able to secretly auction off stressed loans under a new framework agreed upon by high-street banks. The de...
- Rare ARC seeks to aggregate Coffee Day Global loansRare Asset Reconstruction Company plans to become the top lender by buying Cafe Coffee Day chain operator's loans. Rare ARC is said to have...
- 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...
- IT raids 4 ARCs, finds cash transaction of Rs 850 crores in one such companyIt has also been found that the ARCs have been following non-transparent methods in disposal of assets that were acquired by them from the ...
- RBI panel calls for an overhaul of ARC regulationsA central bank panel has suggested an overhaul of the rules governing Asset Reconstruction Companies (ARC) to enhance the availability of b...
- RBI panel likely to give ARCs a leg-upNew rules, to be proposed soon, would aim at making it easier for asset reconstruction companies (ARCs) to buy stressed loans and cut more ...
- ARCs will now have to take the auction route to acquire NPAsTotal NPAs in the banking system are pegged at Rs 9.3 lakh crore.
- SAT refuses to stay Hotel Leela’s postal ballot to seek nod for Brookfield dealHotel Leela Venture said voting will begin on August 18 and will end on September 16.
- New recast rules may spell fresh trouble for asset reconstruction companiesIn 2013-14, sale of bad loans to ARCs jumped to Rs 27,000 crore from Rs 8,000 crore in the previous financial year, and the figure is likel...
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