Last Updated: Tuesday, July 28, 2015, 11:56
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.
Last Updated: Wednesday, June 17, 2015, 21:27
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.
Last Updated: Monday, June 15, 2015, 15:31
"With the level of mounting assets under stress, challenging yet exciting times lie ahead for the asset reconstruction industry," Bahuguna said.
Last Updated: Sunday, April 5, 2015, 13:38
The bank, which is still fighting high bad loans, had put on auction Rs 400-500 crore of stressed assets in the last quarter for asset reconstruction companies (ARCs).
Last Updated: Sunday, February 15, 2015, 19:55
With the union budget coming up Feb 28, the Confederation of Indian Industry (CII) Sunday said it should focus on stability and certainty in taxation towards encouraging the growth of investment trusts.
Last Updated: Thursday, January 23, 2014, 21:24
Reserve Bank on Thursday permitted asset reconstruction companies (ARCs) to convert debt of crisis- ridden companies into equities as part of restructuring process.
Last Updated: Sunday, November 17, 2013, 23:19
"ARCs have failed in our country because their pricing is the most non-transparent. Bring more transparency in the pricing," he said while speaking at the annual Bancon over the weekend here.
Last Updated: Monday, August 19, 2013, 22:21
The Reserve Bank on Monday hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) to 74 percent from the earlier cap of 49 percent.
Last Updated: Friday, December 21, 2012, 21:17
Foreign investment ceiling in Asset Reconstruction Companies (ARCs) has been increased to 74 percent from 49 percent, a move aimed at bringing more foreign expertise in the segment.
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