Browsing Tag
asset reconstruction companies
Bad loan sales to asset rejig companies swell by Rs 1.8L crore in FY23 – Times of India
MUMBAI: Lenders continue to repose their faith in asset reconstruction companies (ARCs) by selling them a large chunk of their bad loansdespite the introduction of the Insolvency & Bankruptcy Code (IBC) nearly seven years ago.…
RBI panel on ARCs proposes norms for valuers, reserve price
To streamline the functioning of asset reconstruction companies (ARCs), a Reserve Bank panel has come out with a host of suggestions including the creation of an online platform for the sale of stressed assets and allowing ARCs to act as…
Banks can sell fraud NPAs to asset recast cos, says RBI – Times of India
MUMBAI: In a move that will help banks unload a major chunk of their non-performing assets (NPAs) to the bad bank, RBI has allowed the sale of loan accounts classified as fraud to asset reconstruction companies (ARCs). Earlier, banks were…