Searched for
SIBY ANTONY
Edelweiss Finance rejigs top deck to pump up loan growthSumit Rai takes over from Mittal and has been elevated as CEO of Edelweiss Tokio Life.- All bad loans are created in good times: Siby Antony, Edelweiss Asset Reconstruction CompanyAll the profits that the banks earned in the last five years, when almost all industries were underperforming, are getting wiped out now, s...
- In trading or EPC companies, there are not much assets: Siby AntonyWith a little financial engineering, 70-80% of the assets can be brought back to health, says MD of Edelweiss ARC
- In ARCs, the sweet spot is in the medium and medium large cases: Siby Antony, Edelweiss ARC“Haircut is a function of the quality of the underlying asset.”
- RBI norms a great positive for banks as risk factoring would become much simpler: Siby Antony, Edelweiss ARC“So many schemes with so much eligibility criteria, conditions of restructuring were creating a lot of confusion.”
- New Sebi ruling takes care of minority shareholders: Siby Antony, Edelweiss ARCActually the new rule enables change of management. We often need change of management even for success of SDR scheme
- Core sector showing signs of good improvement: Siby Antony, Edelweiss ARCThe industry has moved away from the pure ARC business to total solution to the banks.
- Budget 2017: Banks can encash SR issued by ARC and raise capitalJaitley said that the move “will enhance capital flows into the securitization industry and will particularly be helpful to deal with bank ...
- 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.
- Three foreign funds vie for 25 per cent in Edelweiss ARCThis would mean Edelweiss ARC could be valued at anywhere between $660 million and $1 billion, depending on how the negotiations shape up.
- 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,” ...
- Bad loans: Bullish Edelweiss ARC eyes 40% rise in AUM in FY17With a large chunk of bad loans likely to be put on block by banks following RBI's asset quality review, Edelweiss Distressed Asset Resolut...
- Edelweiss ARC eyes stake sale, to raise around Rs 2,000 croreCountry's largest asset reconstruction company has been approached by a few offshore funds to buy into it and is looking at all proposals.
- Budget 2016: Foreign investors can now establish ARCs in IndiaThe measures announced by the FM is aimed at enabling banks to clean their balance sheet which is saddled with rising bad loans.
- Edelweiss gets helping hand from PMO on Bharati Shipyard’s revivalGovt has extended deadlines for delivery of ships by Bharati Defence & Infrastructure Ltd which defaulted on nearly Rs 8,000 crore of debt ...
- Distressed asset market is set to become more mature: Siby Antony ,MD and CEO, Edelweiss ARCThe time consumed in debt aggregation is the biggest challenge. It would be ideal if all lenders sell the entire debt of a single borrower ...
- 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.
- Edelweiss gets nod to set up ARCThe Edelweiss group has received approval from RBI to set up an asset reconstruction company (ARC).
- 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.
- Banks want a share of bad debt sale gainsWith the upturn in the economy raising the prospect of windfall gains from bad loans, banks are demanding a share of the upside from potent...
Load More
