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LIC's Decision To Sell Reliance Capital's Debt Upsets Lenders, Bidders
Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders.
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First Batch Of Non Performing Assets To Be Shifted To Bad Bank In July: Finance Ministry
Finance Ministry on Monday said that the Rs 6,000-crore National Asset Reconstruction Company is expected to take over the first set of NPAs in July
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"Expedite Stressed Assets' Sale To Allow Recovery Legroom": RBI
The RBI in April set up the committee to examine the role of asset reconstruction companies (ARCs) in stressed debt resolution and to review their business model.
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On Former Chief's Arrest In Asset Sale Case, SBI Says Due Process Followed
SBI on Monday clarified that the assetwassold with "laid down process" in March 2014, much after Pratip Chaudhuri had retired in September 2013.
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Is A Bad Bank A 'Good' Idea?
The Union Cabinet on Monday approved Rs 30,600 crore government guarantee for the National Asset Reconstruction Company or bad bank, paving the way for operationalisation of a bad bank
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Stocks To Watch: Banking Stocks, Hero MotoCorp, Biocon
Finance Minister Nirmala Sitharaman announced the formation of a 'bad bank', with the government guaranteeing up to Rs 30,600 crore for security receipts issued by the National Asset Reconstruction Company
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Cabinet Clears Government Guarantee Of Rs 30,600 Crore For Bad Bank
The Union Cabinet has approved Central Government guarantee of up to Rs 30,600 crores to National Asset Reconstruction Company Limited for five years.
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We Need More SBIs, But Some Nationalised Banks Simply Don't Get Well: Finance Minister
Budget 2012: Finance Minister Nirmala Sitharaman said asset reconstruction and management company will be set up for stressed assets of banks
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Tribunal Dismisses ITC's Plea Against Hotel Leela's Assets Sale
The securities market regulator had allowed JM Financial Asset Reconstruction Company, which owns 26 per cent in Leela, to vote on the deal.
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Banks' NPA Woes: Government To Form Panel To Set Up Asset Reconstruction Company
The committee under Sunil Mehta, non-executive chairman of PNB, will make recommendations in two weeks.
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Asset Restructuring Firms Snap Up Rs 2.44 Lakh Crore Bad Loans From Banks
"Around Rs 2.44 trillion worth of gross NPAs have been sold to ARCs till now," the report by industry lobby Assocham and Edelweiss ARC said today.
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This Zombie On India Sick-List Of About 6,000 Firms Lost $2 Billion Value
A closer look at the sick-list of Indian companies restructuring under a three-decade old state program shows why the nation badly needs its new bankruptcy system.
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HDFC Sells Rs 869 Crore Unitech Loan To JM Financial ARC
With Unitech defaulting on loan repayment, housing finance major HDFC said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).
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ICICI Bank, Apollo To Set Up Indian Asset Reconstruction Company
ICICI Bank Ltd, India's biggest private sector lender, and private equity firm Apollo Global Management LLC on Monday said they would set up an asset reconstruction company (ARC) in India to buy into troubled loans held by banks.
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Distressed Loan Buyers Muddy Countrys Bad Debt Picture
Set up over a decade ago to absorb the country's mountain of distressed loans, asset reconstruction companies (ARCs) have done little to recover cash or relieve a debt-choked banking system.
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LIC's Decision To Sell Reliance Capital's Debt Upsets Lenders, Bidders
Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders.
-
First Batch Of Non Performing Assets To Be Shifted To Bad Bank In July: Finance Ministry
Finance Ministry on Monday said that the Rs 6,000-crore National Asset Reconstruction Company is expected to take over the first set of NPAs in July
-
"Expedite Stressed Assets' Sale To Allow Recovery Legroom": RBI
The RBI in April set up the committee to examine the role of asset reconstruction companies (ARCs) in stressed debt resolution and to review their business model.
-
On Former Chief's Arrest In Asset Sale Case, SBI Says Due Process Followed
SBI on Monday clarified that the assetwassold with "laid down process" in March 2014, much after Pratip Chaudhuri had retired in September 2013.
-
Is A Bad Bank A 'Good' Idea?
The Union Cabinet on Monday approved Rs 30,600 crore government guarantee for the National Asset Reconstruction Company or bad bank, paving the way for operationalisation of a bad bank
-
Stocks To Watch: Banking Stocks, Hero MotoCorp, Biocon
Finance Minister Nirmala Sitharaman announced the formation of a 'bad bank', with the government guaranteeing up to Rs 30,600 crore for security receipts issued by the National Asset Reconstruction Company
-
Cabinet Clears Government Guarantee Of Rs 30,600 Crore For Bad Bank
The Union Cabinet has approved Central Government guarantee of up to Rs 30,600 crores to National Asset Reconstruction Company Limited for five years.
-
We Need More SBIs, But Some Nationalised Banks Simply Don't Get Well: Finance Minister
Budget 2012: Finance Minister Nirmala Sitharaman said asset reconstruction and management company will be set up for stressed assets of banks
-
Tribunal Dismisses ITC's Plea Against Hotel Leela's Assets Sale
The securities market regulator had allowed JM Financial Asset Reconstruction Company, which owns 26 per cent in Leela, to vote on the deal.
-
Banks' NPA Woes: Government To Form Panel To Set Up Asset Reconstruction Company
The committee under Sunil Mehta, non-executive chairman of PNB, will make recommendations in two weeks.
-
Asset Restructuring Firms Snap Up Rs 2.44 Lakh Crore Bad Loans From Banks
"Around Rs 2.44 trillion worth of gross NPAs have been sold to ARCs till now," the report by industry lobby Assocham and Edelweiss ARC said today.
-
This Zombie On India Sick-List Of About 6,000 Firms Lost $2 Billion Value
A closer look at the sick-list of Indian companies restructuring under a three-decade old state program shows why the nation badly needs its new bankruptcy system.
-
HDFC Sells Rs 869 Crore Unitech Loan To JM Financial ARC
With Unitech defaulting on loan repayment, housing finance major HDFC said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).
-
ICICI Bank, Apollo To Set Up Indian Asset Reconstruction Company
ICICI Bank Ltd, India's biggest private sector lender, and private equity firm Apollo Global Management LLC on Monday said they would set up an asset reconstruction company (ARC) in India to buy into troubled loans held by banks.
-
Distressed Loan Buyers Muddy Countrys Bad Debt Picture
Set up over a decade ago to absorb the country's mountain of distressed loans, asset reconstruction companies (ARCs) have done little to recover cash or relieve a debt-choked banking system.
