Page 2 - Asset Reconstruction Companies Arcs

IDBI Bank invites bids to divest stake in Asset Reconstruction Company

The last date for submission of expression of interest (EoI) is June 25, 2021.

NARCL headhunting for core team begins ahead of launch in July

Invites quotes from Aon to help it in the hiring process

Best of BS Opinion: Herbs need good marketing, second Covid-19 wave & more

Here are the best of Business Standard's opinion pieces for Monday

How to reconstruct asset reconstruction companies

Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a smile. Let's break the cosy relationship

Near-resolution assets may not go to bad bank amid Covid-19 pandemic

ARC expected to be functional next month

Market in distressed assets may be huge, but deal-making faces headwinds

With the Supreme Court vacating the one-year breather on the filing of insolvency proceedings, it's back to the grind on the bad-loans front

Transferring bad debt to ARC at book value just window dressing: Experts

Asset valuation should be left to market forces to help attract investors and create a healthy distressed debt market, say experts.

Bad bank may follow Swiss challenge method for price discovery of assets

Plan aimed at price discovery of assets; IBA working closely with FinMin, RBI

Back the IBC

A new mechanism will only kick the can down the road

ARCs facing slowdown in recoveries due to failed auctions amid Covid: Icra

The ratings of security receipts (SRs) issued by ARCs have seen downgrades due to delay in recoveries and decline in expected recovery value on the SRs

RBI's order could spell trouble for ARC-owning PE funds, say experts

The RBI had recently rejected a resolution plan - approved by the National Company Law Tribunal in June - that proposed selling Aircel's assets to UV Asset Reconstruction Company (UVARC)

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

Reserve Bank proposes comprehensive guidelines for sale of loan exposures

RBI's proposed guidelines for sale of loan exposures deals with various issues like asset classification of the loan to be transferred, nature of entity purchasing loan and mode of transfer of loans.

ARCs getting aggressive in asset purchase: Explained in three charts

Most of the assets picked up by ARCs are corporate loans

ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil

With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts

Asset reconstruction companies to step up bad loan purchases in Q4

Improved resolution climate and commercial compulsions force banks to clean up their books

ARCs seek higher sponsor shareholding cap

ARCs urge govt to raise sponsor shareholding cap to 26% from 10%