Recent deals to acquire stressed assets from banks have put the spotlight back on a category…
Tag: arcs
ARC stops recovery of retail bad loans following RBI directive
New Delhi: Industry insiders said asset reconstruction companies, or ARCs, have halted the recovery process of…
RBI allows asset reconstruction companies to submit resolution plan under IBC
Mumbai The Reserve Bank of India (RBI) has allowed asset reconstruction companies to act as resolution…
Is NARCL the new bad bank, godown or dump yard in the city?
Asset reconstruction companies (ARCs) have a poor track record in recovering money from defaulted loans. The…