PNB sells entire stake in ARCIL to Avenue India Resurgence
The PSU lender has sold its entire 10.01% stake in the asset reconstruction company in a cash transaction.
asset reconstruction company
March 2023
December 2021
March 2021
February 2021
June 2018
Let ARCs shoulder NPAs, banks focus on credit creation
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
How ARCs are solving India’s NPA crisis
Asset reconstruction companies (ARCs) were set up in India to solve the NPA problem. India's 29 ARCs are a reflection of the success of the ecosystem in alleviating the stressed asset challenges.
Budget proposes cleansing mechanism for PSBs
Apart from recapitalisation, public sector banks get a shot in the arm in the form of ARC and AMC mechanisms to clean up their books.
Will an ARC solve PSU banks’ NPA problem?
The magnitude of stressed assets piled up with PSBs raises questions on the rationale and funding of such an ARC/AMC.
