Yet another ARC to shut shop, this time an Aditya Birla joint ventureAditya Birla Asset Reconstruction Company is winding down its operations in India, joining other fund-backed ARCs exiting due to challenges...
31 Oct, 2024, 12.30 AM IST
Northern Arc launches 'Finserv Fund' to drive financial inclusion; aims to raise Rs 1500 crNorthern Arc launched a Category II AIF fund, Finserv Fund, aiming to raise Rs 1,500 crore. Finserv Fund will leverage Northern Arc's exper...
07 Oct, 2024, 03.39 PM IST
ARCs see first drop in assets under management in Q1Assets under management of asset reconstruction companies (ARCs) have declined due to fewer loan defaults and reduced corporate lending. In...
23 Sep, 2024, 12.31 PM IST
ARC assets set to drop 7-10% this FY amidst stiff competition from NARCL: CRISILCompetition from the National Asset Reconstruction Co Ltd (NARCL) and fewer opportunities for acquiring non-performing assets are expected ...
20 Aug, 2024, 04.56 PM IST
Northern Arc Capital Limited files DRHP with SEBI for IPONorthern Arc Capital Limited files Draft Red Herring prospectus with SEBI for IPO to raise funds through issue of equity shares worth Rs 50...
04 Feb, 2024, 09.50 AM IST
ARCs need to change business model as bad loan dynamics change: ExpertsRating agency Crisil which had organised the webinar said it expects assets under management (AUM) growth in the sector to moderate to 5% t...
30 Jan, 2024, 10.25 PM IST
Acre ARC buys over Rs 3,000-crore of bad loansThe portfolios include ₹1,100 crore from Indiabulls Home Finance, consisting of home loans and loans to builders, and ₹1,200 crore of comme...
13 Jul, 2022, 06.16 AM IST
Apollo Global has a rethink on ARC JV with ICICI Bank, 'Looking to Exit'The company has decided to henceforth invest in distressed assets through its AIF and will look for a buyer of its more than 90% stake in t...
21 Jun, 2022, 06.01 AM IST
Yes Bank to float asset reconstruction company, invites bids from investors"The prospective investor would be the lead partner/sponsor of the ARC, with the bank as the other significant partner/sponsor, for conduct...
11 Aug, 2021, 08.19 PM IST
Introduction of bad bank can make existing ARCs more effective: RBI paperIt said banks supply non performing assets (NPAs) to the ARCs, hold shareholding in these entities and also lend to them, which makes it ne...
26 Apr, 2021, 10.45 PM IST
SBI Life and Apollo join the race for RCap assetsDecember 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited ...
22 Dec, 2020, 05.23 PM IST
Bank of Singapore, PEs bid for stake in Edelweiss WealthA stake sale will help Edelweiss, which is battling rising bad loans and liquidity issues, raise funds for its credit businesses.
24 Jun, 2020, 06.34 PM IST
Bank of Singapore, global PEs vie for stake in Edelweiss armBank of Singapore and several global PE funds are in race to acquire a stake in EGIA
20 May, 2020, 09.15 AM IST
Incentivise AIFs for India’s capital needsWhile the narrative so far has been focused on FPIs, AIF industry has grown by leaps and bounds.
19 Jun, 2019, 09.16 AM IST
Centrum to launch Rs 500 crore structured credit fundJaspal Bindra spent 18 years at various positions at the British bank Standard Chartered, where his last position was that of chief executi...
17 Mar, 2019, 12.37 PM IST
Blackstone sees opportunity in India’s distress, to invest $150 millionNew York-based Blackstone will be issued fresh equity shares in IARC.
09 Apr, 2018, 08.29 AM IST
- No sale plans, we want to be a much larger player
Considered one of the most aggressive bankers, Rana Talwar is looking for more opportunities in India.
18 Dec, 2006, 01.20 AM IST