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23 ARCs snap up Rs 2.44 lakh crore bad loans from banks so far

Resource constraints at ARCs is also another prime reason for the dip in the sales

Press Trust of India  |  Mumbai 

Banks have sold Rs 2.44 trillions of bad loans to 23 asset reconstruction companies (ARCs) and despite a surge in stressed assets to around 15 per cent, there was a slowdown in transactions in recent months, says a report. "Around Rs 2.44 trillion worth of gross NPAs have been sold to ARCs till now," the report by industry lobby Assocham and Edelweiss ARC said on Tuesday. Even as opportunities are huge-the report has estimated total stock of stressed assets in the system at 15 per cent or Rs 11.80 trillion -- the pick-ups by ARCs have suffered since 2015-16, it said. High ...

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First Published: Tue, May 02 2017. 17:52 IST
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