Bank of Maharashtra to divest entire 4% stake in ISARCBank of Maharashtra will divest its entire stake of 4 per cent in India SME Asset Reconstruction Company for nearly Rs 4 crore. Bank of Mah...
Union Bank of India to sell its 8 pc stake in ISARC to Dhansamridhi FinanceISARC is the country's first ARC supported by a large number of public sector banks and undertakings, focussed on NPA resolution of the MSM...
PSBs told to cut stakes in asset reconstruction companiesState-run banks have been nudged to trim their stakes in asset reconstruction companies (ARCs) because of the inherent conflict of interest...
- ISARC partners with Vijaya Bank for resolution of NPA
India SME Asset Reconstruction Company Ltd (ISARC), an SIDBI subsidiary, today said it has entered into an agreement with Vijaya Bank.
- Finance ministry drafts incentive scheme for asset reconstruction companies to reduce junk assets
Government has thrown new rules at state-owned banks, nudging them to salvage their junk loans, which have strained balance sheets and re-p...
- Govt likely to allow 100% FDI in ARCs
The government may allow higher foreign investment in asset reconstruction companies that buy distressed loans of banks and make money by r...
- SIDBI's asset reconstruction arm to get operational in 6 months
SME financing institution Small Industries Development Bank of India (SIDBI) today said its asset reconstruction arm will get operational w...