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: Thursday, May 7, 2015, 22:50
The Reserve Bank of India on Thursday allowed asset reconstruction companies (ARCs) to extend the time period to realise stressed assets beyond eight years if a lenders' grouping is taking more than the specified period, subject to some conditions.
Last Updated: Monday, April 6, 2015, 16:25
EBRD Vice-President Phil Bennett and Confederation of Indian Industry (CII) Director-General Chandrajit Banerjee signed an agreement to this effect today, the bank said in a statement issued from London.
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: Tuesday, March 3, 2015, 17:13
The European Bank for Reconstruction and Development (EBRD) said Tuesday it would begin funding critically needed investment in cash-strapped Greece as Athens nears the end of a massive bailout programme.
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: Tuesday, December 17, 2013, 20:44
There was no failure on the part of the MeT department as it had issued warning of heavy to very heavy rains in Uttarakhand, just before the disaster, government has said.
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: Wednesday, October 23, 2013, 18:51
Eight highly decomposed bodies were recovered from the debris at Kedarnath.
more videos >>
