RBI proposes new route for offloading bad loans – Times of India
MUMBAI: RBI has proposed a new route for banks and NBFCs to offload bad loans, allowing them to bundle and sell stressed assets directly to investors through special purpose entities…
Sebi allows small finance companies to invest in bad debt securities – The Times of India
MUMBAI: Markets regulator Sebi has eased norms for security receipts - issued by asset reconstruction companies (ARCs) to manage bad loans - by allowing smaller finance companies to invest in…
RBI eases norms for ARCs to settle with defaulters – The Times of India
MUMBAI: RBI has allowed asset reconstruction companies to settle dues with defaulters after examining other recovery options and based on the realisable value of the borrower’s assets. Settlement of accounts…
‘Concerns over ARCs fronting for defaulters’ – Times of India
MUMBAI: RBI deputy governor M Rajeshwar Rao has raised concerns of asset reconstruction companies fronting for defaulters in purchasing businesses. Rao also called upon ARCs to bring in enough of…