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Falling asset prices slow NPA sales25-JUN-09
The pace of sale of non-performing assets (NPAs) moderated in 2008-09 as asset prices declined in the aftermath of the global financial crisis, bankers said.
Banks prefer cash deals for NPA sale10-JUN-09
Long wait for realisation makes lenders averse to security receipt transactions.
Central Bank puts Rs 102-cr NPAs on sale09-JUN-09
Central Bank of India has put non-performing assets (NPAs) with a total outstanding amount of Rs 102 crore on sale to clean up its balance sheet.
Canara puts NPA sale on hold15-MAY-09
Asset reconstruction companies' bids less than expected.
Banks step up sale of bad debt11-FEB-09
As the financial year draws to a close, public sector banks have started shedding non-performing assets (NPAs) through sale to asset reconstruction companies (ARCs) and enforcement of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act.
Asset books of ARCs set to swell as banks report rising NPAs08-NOV-08
Asset books of Indian asset reconstruction companies (ARCs) are set to register a significant growth, thanks to the rise in banks’ retail non-performing assets (NPAs) this year.
Asset reconstruction companies demand fresh norms on NPA sales04-SEP-08
Asset reconstruction companies (ARCs) have asked the Indian Banks’ Association (IBA) to formulate guidelines for the sale of non-performing assets (NPA) by banks.
BoI to sell NPAs worth Rs 250 cr04-MAR-08
Bank of India (BoI) is planning to sell non-performing assets worth about Rs 250 crore to Asset Reconstruction Companies (ARCs) by the end of the current financial year to clean up its balance sheet
Ratings rider for ARCs` bad loan receipts29-MAY-07
Asset reconstruction companies (ARCs) will have to obtain a rating for securities receipts (SR) it issues against bad loans within a year from acquisition of the assets.
Airtel to roll out 50 ARCs in the country25-APR-07
Bharti Airtel, a leading telecom operator in the country, will launch at least 50 Airtel Relationship Centres (ARCs) in the country soon.
Deeper debt market needed: WEF29-NOV-06
Further measures are needed to create liquidity in the market, including debt instruments, to stave off funding pressures
ARCs to invest before buying bad loans23-SEP-06
Asset reconstruction companies (ARCs) from now on will no longer be able to acquire bad loans from banks without making any financial investments themselves.
Chidambaram to meet bank chiefs on Feb 603-FEB-06
Finance minister P Chidambaram will meet chiefs of public sector banks on Monday in the run-up to the budget. Among other things, the meeting will focus on the interest rate scenario, banking sources
Clear hurdles for mergers, give equal tax treatment, say banks12-JAN-06
The banking industry wants the government to clear legal hurdles for its consolidation by permitting voluntary mergers and removing the difference in tax treatment for private and nationalised banks
A V Rajwade: China is a more willing learner21-NOV-05
While taking over foreign firms, the Chinese are willing to admit they lack international experience
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