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RBI EDELWEISS ARC
RBI declines to extend Bansal third tenure at Edelweiss ARC as MD & CEOThe Reserve Bank of India has declined the reappointment of RK Bansal as MD and CEO of Edelweiss Asset Reconstruction (ARC), citing regulat...14 Jun, 2024, 04.35 PM IST- RBI imposes curbs on two Edelweiss companies for 'evergreening' stressed loans"The action is based on material concerns observed during the course of supervisory examinations, essentially arising out of the conduct of...30 May, 2024, 12.38 AM IST
- 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 ...22 Aug, 2023, 12.31 AM IST
- New RBI norms for ARCs makes it tougher to offload retail NPAsThe Reserve Bank of India recently pushed forward new regulatory guidelines for asset reconstruction companies (ARCs) and reports say that ...04 Nov, 2022, 10.55 AM IST
- Ministry of Corporate Affairs initiates inspection of books of Edelweiss ARCEARC said it has not received intimation of any inspection being conducted by the MCA, in a statement on Thursday. According to reports, th...19 Mar, 2021, 12.52 PM IST
- IDFC Bank sells 12 power sector loans to Edelweiss ARC at one fourth priceThe merger between Capital First and IDFC Bank is likely to be effective by the end of this calendar year.06 Sep, 2018, 04.33 PM IST
- Government ARC should not get special treatment: ARCsTop firms in the business to write to RBI to ensure a level-playing field.14 Jun, 2018, 01.44 PM IST
- Bad loans worth Rs 30,000 crore for saleIt is estimated that ARCs have bought a total of Rs 6,000 crore of bad loans so far this fiscal from banks.01 Nov, 2017, 08.45 AM IST
- ARC funds cap hiked to drive cash sales of NPAsHigher capital requirement means that some smaller ARCs may not be able to raise the required capital & will have to either close or merge ...07 Apr, 2017, 09.38 AM IST
- HSBC sells its HNG loan to Edelweiss ARC in an all-cash dealLenders have an exposure of Rs 2,700 crore in Hindusthan National Glass (HNG), the largest maker of container glass with seven manufacturin...17 Mar, 2017, 08.03 AM IST
- Bad loan market to move towards full cash deals: Siby Antony, MD, Edelweiss ARCAntony says that even as demonetisation has affected recovery, he is confident that ARCs’ recovery will be 100% in the next 4-5 years.18 Jan, 2017, 12.13 AM IST
- With Bankruptcy Act, demand for asset reconstruction company licence risesWe are also working on a framework to enhance efficiency and transparency of price discovery in sale of stressed assets by banks to ARCs,” ...01 Jul, 2016, 06.46 AM IST
- Edelweiss ARC buys 10% in ailing ElectrothermEdelweiss Asset Reconstruction Company is taking a big bet by ac quiring a 10% stake in engineering and metals firm Electrotherm India, whi...04 Sep, 2015, 10.17 AM IST
- Higher cash payout dampens junk loan marketHigher cash payout has prompted ARCs to reduce the valuation of the loan. But this has not gone down too well with the commercial banks.15 Oct, 2014, 04.16 AM IST
- RBI asks asset reconstruction companies to invest 15% in securities receiptsThe 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.07 Aug, 2014, 04.00 AM IST
- Edelweiss gets nod to set up ARCThe Edelweiss group has received approval from RBI to set up an asset reconstruction company (ARC).17 Oct, 2009, 12.27 AM IST
- Banks, broking cos see good business in bad loan marketThere is also a positive side to an economic slowdown. Sensing business opportunities, banks and brokerage are eyeing the bad loan market.25 Jun, 2008, 02.22 AM IST
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