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Latest News on Asset Reconstruction Companies
Showing of 0 - 10 from 12 results
Asset Reconstruction Companies - Total results - 12
Jan 03, 2020
SBI, Union Bank to sell NPAs of Rs 2,836 crore to banks, ARCs through e-auctions this monthSBI said it will sell two NPAs—Rohit Ferro Tech with an outstanding amount of Rs 1,313.67 crore and Impex Ferro Tech with dues of Rs 200.67 crore, on 17 January
Jan 02, 2020
SBI, Union Bank plan to sell bad loans of Rs 2,836 cr this month to asset reconstruction companiesIn a notice issued on Thursday, SBI said it will sell two NPAs- Rohit Ferro Tech with an outstanding amount of Rs 1,313.67 crore and Impex Ferro Tech with dues of Rs 200.67 crore, on 17 January.
Sep 26, 2018
Videocon goes bankrupt: Bids invited for debt-ridden firm under insolvency resolution processThe corporate insolvency resolution process (CIRP) of Videocon Industries Ltd (VIL), which has debt of around Rs 20,000 crore, was commenced under the Insolvency and Bankruptcy Code (IBC) following an order by the NCLT Mumbai on 6 June 2018.
Jun 11, 2018
Allahabad Bank focuses on recovery, refers 65 NPA accounts involving around Rs 12,566 cr to NCLT for IBC resolutionAllahabad Bank said the number of "wilful defaulters" declared by the bank stood at 257, a two-and half-fold jump from March 2017 figure of 101
May 03, 2017
Rs 2.44 lakh crore NPAs sold to asset reconstruction firms: StudyThe study stressed that incentive structure has to be introduced for banks where 100 per cent debt is sold to ARCs.
Jul 22, 2016
Parliamentary panel approves debt recovery law with changesThe panel recommended that passing of an ex-parte order after the show cause notice of 30 days of the service of summons may be a violation of the principles of natural justice.
Jun 08, 2016
Why insolvency code and not stressed-assets funds can help banks fix bad loan woesIndia has had so far as many as 12 ARCs in operation, with none of them registering even a modicum of success in arresting the problem of NPA
Mar 16, 2016
Bad loans: Bullish Edelweiss ARC eyes 40% rise in AUM in FY17The company's asset under management currently stands at Rs 25,000 crore, which in non-performing asset terms, would be worth Rs 56,000 crore.
Feb 29, 2016
Budget 2016: ARCs hail Arun Jaitley's move to open up sector to foreign investmentAsset reconstruction companies (ARCs) said the clarity on taxation in Budget 2016 will help the banking system tackle the menace of bad loans.
Dec 23, 2015
Bankruptcy bill will be effective only if the govt beefs up benami law and matchmakersWithout these two mechanisms in place, the bankruptcy code will be only as effective as a superb police force sans a fair and quick judicial system