Latest News on Asset Reconstruction Company
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Asset Reconstruction Company - Total results - 4
Jan 28, 2019
Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial healthPiyush Goyal, who was given additional charge of the finance ministry last Wednesday as Arun Jaitley is away to the US for a treatment, is his expected to discuss a host of issues including credit offtake and bad loan position of lenders.
Nov 12, 2018
US fund Avenue Capital picks up 27% stake in Arcil; becomes its single largest shareholderAvenue Capital picking up Arcil stakes from IDFC Bank (8.37 percent), government of Singapore's Lathe Investments (9.9 percent), Ashmore Capital (1.37 percent), South African lender Firstrand Bank (4.11 percent), Karur Vyasya Bank (1.96 percent) and Barclays Bank (1.5 percent)
Aug 28, 2018
Power sector NPAs: Govt and banks may have to float AMC/ARC to resolve crisis, says BofAMLThe BofA-ML analysts estimated the total stressed assets in power sector at $51.6 billion, with banks holding a bulk $36.1 billion and dedicated non-bank lenders like Power Finance Corporation and Rural Electrification Corporation having $15.5 billion
Aug 22, 2014
How the NHAI's proposal for an asset reconstruction company will helpThe NHAI board met yesterday and gave an in-principle approval for this ARC.