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India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI ReportIndia's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's ext...- Former SBI Capital Markets chief Arun Mehta named Edelweiss ARC CEOEdelweiss Asset Reconstruction Company is thrilled to announce Arun Mehta's appointment as CEO, following an extensive search process by Ko...
- Canara Bank recovers over half of ₹500 crore Rajesh Exports exposure, CEO outlines growth strategyCanara Bank has recovered over half of its ₹500 crore exposure to Rajesh Exports and is pursuing legal avenues for the remaining amount. Th...
- 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...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- 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...
- RBI green lights ARCs listing plans, opens new capital avenueThe Reserve Bank of India has allowed asset reconstruction companies (ARCs) to raise equity capital by listing their shares in the market, ...
- Asset Reconstruction Companies seek nod to tap capital markets for equityAsset Reconstruction Companies (ARCs) in India seek the Reserve Bank of India's intervention for permission to raise equity capital from th...
- RBI urges ARCs to follow the regulations in letter & spiritRBI deputy governors M Rajeshwar Rao and Swaminathan J gave keynote addresses in the conference, 'Governance in ARCs - Towards Effective Re...
- Retail, MSME bad loans match ARCs' corporate purchasesARC executives say the trend may pick up pace and is likely to continue for at least two years. "Now with the NARCL in the picture most of ...
- 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...
- RBI allows ARCs to Act as resolution applicantsEarlier, the RBI opposed the proposal allowing ARCs to bid for debt resolution under bankruptcy courts. The RBI now said that ARCs with a m...
- RBI raises minimum capital requirement for ARCs, widens scope of their activityThese are crucial parts in the revised set of rules for ARCs that the regulator unveiled Tuesday with an aim to improve their regulatory fr...
- RBI refuses to let asset reconstruction companies bid for insolvent assetsThe immediate impact of the RBI’s decision will be felt by UV Asset Reconstruction Company, which was awaiting approval to take over telco ...
- SBI to meet RBI brass on dismissal of UV Asset Reconstruction Co. Ltd bidThe RBI’s opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance...
- 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...
- RBI norms may slow asset sales by ARCsAccording to UV ARC director Hari Hara Mishra, while the move to enhance disclosure and transparency in ARC operations is welcome, implemen...
- High bad loans due to poor credit appraisal skills of banks: RBIData compiled by ETIG shows that gross non-performing assets rose to Rs 3,11,169 crore in 2014-15 from Rs 92,515 crore in 2010-11.
- ARCs want industry status, power to overhaul defaulting cosAsset reconstruction companies (ARCs) are set to lobby with banking regulator RBI to get power to change managements of defaulting companie...
- ARCs can set up JVs to buy specific assetsRBI has permitted asset reconstruction companies to set up joint ventures to acquire specific assets. The much-awaited draft guidelines for...
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