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ARCs News

Recoveries from bad loans

08 Nov 2015

'Bad loans pricing and scope of recovery to determine NPAs sale'

The quantum of recoveries from bad loans is going to determine the appetite of asset restructuring companies' (ARCs) to buy such stressed assets, says a report.

Afghan Red Crescent Society

14 Sep 2015

$5-mn Indian aid to treat heart disease among Afghan kids

India has decided to grant $5 million to the Afghan Red Crescent Society (ARCS) for the treatment of Afghan children suffering from congenital heart disease, the Indian embassy said here on Monday.

13 Sep 2015

India to treat Afghan children with heart disease

India will help cure 4,000 Afghan children having heart disease, Afghanistan Red Crescent Society (ARCS) said.

28 Jul 2015

Dena Bank to sell small ticket bad loans to ARCs

For the first time, mid-sized state-run Dena Bank is planning to sell small ticket non-performing assets of up to Rs 2 lakh to asset reconstruction companies (ARCs) in the current quarter.

17 Jun 2015

Finance Ministry readying plan to deal with menace of bad loans

To deal with the issue of bad loans on a war footing manner, the Finance Ministry on Wednesday charted out action plans including strengthening of asset reconstruction companies (ARCs) to deal with rising NPAs.

17 Aug 2014

New RBI norms to help orderly development of ARCs

The recent Reserve Bank guidelines on asset reconstruction companies (ARCs) will result in greater alignment of interest between these companies and other investors, which in turn will lead to an orderly development of the sector, says a report.

07 Aug 2014

RBI mandates ARCs to become member of credit bureau

It also included a provision to ask banks for a minimum time of one or two weeks for doing a due diligence on a portfolio.

State Bank of India

15 Jul 2014

SBI sells NPA worth Rs 3,590 cr to ARCs last fiscal

State Bank of India sold non-performing assets worth Rs 3,590 crore to various asset reconstruction companies (ARCs) during 2013-14.

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