The Reserve Bank’s prompt corrective action framework unveiled for non-banking finance companies could see the weaker shadow lenders resort to higher provisions or sales to asset reconstruction ...

Retail investors groaning under the burden of dud and worthless financial assets have just been thrown a lifeline. A committee constituted by the Reserve Bank of India has suggested that asset recons...

The Reserve Bank of India (RBI) on Tuesday fine-tuned its prompt corrective action (PCA) framework under which restrictions are placed on weak banks to restore their financial health. Under the new f...

The Reserve Bank of India (RBI) has for the first time permitted the transfer of loans tagged as frauds to asset reconstruction companies (ARCs). The sale of fraud loans was allowed under the central...

The RBI committee on asset reconstruction companies (ARCs), which will review the existing legal and regulatory framework applicable to these entities, has invited views and suggestions from stakehold...

The proposed bad bank — the asset reconstruction company (ARC) proposed in the budget — will reportedly be formed by the end of this month. Finance minister Nirmala Sitharaman had announc...

Finance minister Nirmala Sitharaman on Monday announced the much awaited bad bank that would acquire the toxic assets of lenders. The entity will be in the form of an asset reconstruction company (ARC...

The Reserve Bank of India (RBI) on Thursday asked asset reconstruction companies (ARCs) to adopt a Fair Practices Code. The Code says ARCs “shall not resort to harassment of the debtor” a...