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About 300 results for "reconstruction of financial assets"

UAE to set up World Bank office in Abu Dhabi
Trade Arabia

Bank of Maharashtra to sell Rs.500 crore NPAs

Bank of Maharashtra on Wednesday said it is planning to sell nearly Rs.500 crore of its bad loans to asset reconstruction companies (ARC) by the end of September this year. "By September, we have planned to sell Rs.500 crore of our non-performing ... The Statesman, 1 month ago
UAE to set up World Bank office in Abu Dhabi Trade Arabia, 4 weeks ago
IFC lends $25 million to Azerbaijani bank Azer News, 1 month ago
Maritime Executive

Financial Services Conglomerate Invests in Bharati

Edelweiss Asset Reconstruction Company (ARC) has acquired 70 percent of India's Bharati Shipyard's debt as part of a plan to revive the struggling yard. While Bharati is about $800 million in debt, ARC is attracted to the yard's strong order-book.
 Maritime Executive4 weeks ago Edelweiss ARC buys 10% in ailing Electrotherm  Economic Times1 month ago
New Indian Express

Government Shoots Down Power ARC Proposal

NEW DELHI: The Finance Ministry has turned out the Power Ministry's proposal to set up a new asset reconstruction company (ARC) for dealing with bad debts in the power sector. Creating a new super asset reconstruction company is not a good way of ...
 New Indian Express1 month ago

Mangal Prabhat Lodha to divide empire into two businesses

The new financial services venture will be engaged in housing finance, asset reconstruction and wholesale lending.
 India Infoline2 months ago
Rising Kashmir

SRFAESI Act cannot be enforced in JK: HC

In a significant development, the state high court Thursday said the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SRFAESI) Act, 2002 cannot be enforced in Jammu and Kashmir keeping in view the special status of ...
 Rising Kashmir2 months ago

Need to infuse more capital into ARCs : Ind-Ra

Ratings today said there is a need to infuse more capital into the asset reconstruction companies (ARCs) to help tide over the bad loans problem. "ARCs play a crucial role in the financial sector and help banks clean up stress loans, which is the need of the ...
 Business Standard2 weeks ago

Leelaventure may sell 24% stake to cut debt

Mumbai: Hotel Leelaventure Ltd may sell at least 24% stake to a financial investor to reduce debt as it charts an asset-light model for expansion, the luxury hotel chain's top executive said. We are talking to three to four international ...
 Livemint.com2 weeks ago Hotel Leelaventure sells The Leela Goa to MetTube for Rs 725 crore  Economic Times2 weeks ago Hotel Leelaventure agrees to sell Goa hotel to Malaysian firm for `725 cr  Livemint.com2 weeks ago Leela hotels in Goa, Chennai up for sale  Livemint.com3 weeks ago

Can ARCs solve banks bad loan problems?

Asset reconstruction companies (ARCs) are a long way away from playing a meaningful role in resolving the bad loan problem of the banking system. Yes, there has been an increase in total asset size of ARCs in the last two fiscal years, but it has ...
 Livemint.com2 weeks ago
Calcutta Telegraph

Electrosteel to be reported to BIFR

Calcutta, Aug. 9: Electrosteel Steels is going to be reported to the Board for Industrial and Financial Reconstruction (BIFR) after continuous losses have eroded half of its peak net worth. The company has called an extraordinary general meeting ...
 Calcutta Telegraph1 month ago

Bankruptcy law a must for fight against bad loans, PEs tell Rajan

MUMBAI: Private equity fund managers and asset reconstruction companies have told Reserve Bank of India Governor Raghuram Rajan that the absence of a bankruptcy law and banks' reluctance to take bigger losses were stumbling blocks in his efforts to ...
 Economic Times2 months ago
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