Tue, Jun 27, 2023
CFM ARC was served with a show cause notice (SCN) by the Reserve Bank of India (RBI) for questionable business conduct and was on the verge of losing its licence.
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Tue, Oct 11, 2022
The existing ARCs have been given a glide path to meet the minimum net owned fund (NOF) requirement till April 2026, the RBI said in a circular amending the existing regulatory framework for such entities.
Wed, Aug 31, 2022
Founded in 1988, Anamika Conductors is a Jaipur-based company engaged in manufacturing of aluminium conductor wire, aluminium alloy conductors and power cables.
Sun, Mar 20, 2022
In various notices on its website, State Bank of India (SBI) has put up a total of 12 bad assets for sale during this month to April 13.
Wed, Jun 13, 2018
Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs.
Tue, Jan 09, 2018
As many as 28 stressed loan accounts may be sold to asset reconstruction companies (ARCs) by banks in the absence of suitable bidders. These accounts were asked to resolve or send to bankruptcy courts for launch of insolvency proceedings by the central bank.
Tue, Jan 31, 2017
The consequent squeeze of banks has led them to slow credit growth to crucial sectors-especially to industry and medium and small scale enterprises (MSMEs)-to levels unseen over the past two decades. As this has occurred, growth in private and overall investment has turned negative . A decisive resolution is urgently needed before the TBS problem becomes a serious drag on growth.
Fri, Dec 30, 2016
RBI data show that although the number of companies acquired by ARCs rose by only 2 from March 2015 to March 2016, the total consideration for the same increased from Rs 58,479 crore to Rs 72,626 crore in the same period, registering a rise of 24.19%.
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