ARCs

State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale financial accounts of the stressed companies. The move by these state-owned banks is aimed to recover dues of around...
Feb 11, 2019
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Banks might clinch one-time settlements (OTS) with defaulting companies — on the RBI’s second list of defaulting firms — and take haircuts of 50-60% rather than face uncertainty in the courts. As...
Dec 03, 2017
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Here’s some good news for asset reconstruction companies (ARCs) with a minimum net owned fund of Rs 100 crore. The apex bank has allowed such ARCs to convert debt into equity worth more than 26 per...
Nov 24, 2017
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