Tag: Asset Reconstruction Companies

Bank NPAs make opportunity for asset reconstruction firms: Jaitley

Finance Minister Arun Jaitley on Saturday said the non-performing assets (NPAs) of banks present an opportunity for Asset Reconstruction Companies (ARCs) as the stressed assets have an inherent value and can be turned around. "The opportunities presented by the Insolvency and Bankruptcy Code (IBC) framework and the government's emphasis on resolution represent a unique opportunity …

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July 29, 2017

Rs.2.44 lakh crore NPAs sold to asset reconstruction firms: Study

As a crucial part of the resolution of the non-performing assets (NPAs), Rs.2.44 lakh crore worth of gross NPAs have been sold to the Asset Reconstruction Companies (ARCs) while the current stock of stress in the Indian banking system is estimated at Rs.11.80 lakh crore, a study has stated. Seeking a level playing field with …

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May 3, 2017