RBI Warns ARCs Over Evergreening Distressed Assets
The RBI Deputy Governor urged ARC chiefs to adopt a regulation-plus approach where you not only comply with the letter of the regulation but also its spirit.
May 29, 2024, 16:36 PM IST
NPA sales down to a trickle of just 2% of total bad loans
Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.
Jul 07, 2016, 19:34 PM IST
RBI top brass discusses NPA issues with bankers, ARCs
Reserve Bank Governor Raghuram Rajan and other top RBI officials met bankers, representatives of asset reconstruction companies and NBFCs Monday to discuss effectiveness of distressed assets resolution mechanism and sought their suggestions to make it more efficient.
Jan 18, 2016, 23:56 PM IST
ARC gives India sovereign rating of BBB+ with +ve outlook
It also assigned a foreign currency country ceiling of A- and a local currency country ceiling of A to the country.
Dec 15, 2014, 19:28 PM IST
