Arcs

Assets should ideally be churned within five yrs: Arcil's Pallav Mohapatra

In a Q&A, the MD & CEO of the firm dwells on its business model and the focus on retail assets to drive volume, going forward

Reserve Bank of India tightens norms for ARCs on income recognising fee

They will have to reduce unrealised management fees where the net asset value of the Security Receipts has fallen below 50 per cent of the face value

JM Financial ARC plans recoveries worth Rs 1,000 cr in 18 months

Company added Rs 600 crore in assets in six months, as it makes recoveries from acquisitions earlier

RBI's revised ARC norms improve governance; may shake up industry

Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

Lenders in talks with ARCs to sell Reliance Naval & Engineering loans

Lenders worried over their Rs 14,000-cr exposure in shipyard

Price discovery in the times of NARCL

NARCL has a competitive advantage over private asset reconstruction companies, because it comes with deep pockets and a government guarantee

SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect

Interpretation of ARC maladies

Regulatory oversight and supervision of ARCs need a revamp and, like other regulated entities, rogue ARCs should be punished

Sell bad debts early, let ARCs take part in IBC: RBI committee

About 80 per cent of the recovery ARCs made came through the "deployment of measures of reconstruction that do not necessarily lead to revival of businesses"

RBI constitutes six-member panel headed by former ED to review ARCs

The panel will recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector

IBBI allows transfer of illiquid assets and debt for quicker case closure

The rules come at a time when the liquidation process takes much longer than envisaged under IBC

RBI directs ARCs to train recovery agents not to harass borrowers

Wants grievance redressal mechanism in place, says ARCs will be responsible for agents' actions

Adopt fair practices to prevent illicit debt recovery methods: RBI to ARCs

RBI asked ARCs to adopt a board-approved 'Fair Practices Code', which, among other things, should prohibit the use of uncivilised, unlawful and questionable behaviour for recovery of loans

Centre may tell IBA to set up 'bad bank' with financial support from banks

The IBA had proposed a national-level asset reconstruction company (ARC) owned by the government with its capital infusion worth Rs 10,000 crore

Inevitability of defaults: Promoters gripe over loans being sold to ARCs

'Once the moratorium is lifted, we expect several companies to default. The bank will have no other option but to either restructure the loan or sell it to ARCs,' says a banker

ARCIL looks to increase return on assets to over 10% in next 3 years

The firm has also started purchasing some assets with Avenue Capital as a co-investor

SBI to conduct e-auction of 11 accounts on Nov 7 to recover Rs 467-cr dues

The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction notice. The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7. The major non-performing asset (NPA) accounts to be auctioned include Bhatia Global Trading (BGTL), which has an outstanding of Rs 177.02 crore on the bank, Bhatia Coke & Energy Ltd (Rs 104.15 crore), Bhatia Coal Washeries (Rs 12.58 crore) and Asian Natural Resources (India) Ltd (Rs 2.18 crore). Maharastra Steels Pvt Ltd (Rs 40.51 crore), Anshul Steel Ltd (Rs 37.70 crore) and Vidhata Metals (Rs 36.98 crore) are the other accounts to be auctioned. The auction for the accounts will be held under the 'Swiss Challenge Method', based on an ...

ARCs getting aggressive in asset purchase: Explained in three charts

Most of the assets picked up by ARCs are corporate loans

How can ARCs help solve the banking crisis?

For an ARC to make sense, it must be a simple private equity fund