ARCs

Asset reconstruction companies are likely to see steady AUM growth in FY27, driven by stress in MSMEs and retail segments amid geopolitical tensions and interest rate concerns

ARCs will see their revenue mix continue to tilt towards recovery-linked income, away from primarily management fee-driven income, said Crisil

Once the entities that have submitted EoIs complete their due diligence, binding bids for acquiring the exposure will be invited

Recoveries to touch Rs 38,000 crore

The revised norms mandated that the committee should be chaired by an independent director and have a minimum two independent directors, including the chair

ARCs interested in acquiring the bad loans have to complete their due diligence on the accounts by August 12

The RBI has increased supervision of regulated entities to prevent systemic risks and to ensure that regulations are followed

'Non-complying ARC shall be subject to supervisory action,' says regulator

In a Q&A, the MD & CEO of the firm dwells on its business model and the focus on retail assets to drive volume, going forward

They will have to reduce unrealised management fees where the net asset value of the Security Receipts has fallen below 50 per cent of the face value

Company added Rs 600 crore in assets in six months, as it makes recoveries from acquisitions earlier

Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

Lenders worried over their Rs 14,000-cr exposure in shipyard

NARCL has a competitive advantage over private asset reconstruction companies, because it comes with deep pockets and a government guarantee

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect

Regulatory oversight and supervision of ARCs need a revamp and, like other regulated entities, rogue ARCs should be punished

About 80 per cent of the recovery ARCs made came through the "deployment of measures of reconstruction that do not necessarily lead to revival of businesses"

The panel will recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector

The rules come at a time when the liquidation process takes much longer than envisaged under IBC