Asset Reconstruction Company
This query is : Resolved
20 February 2008
What do we mean by Asset Reconstruction Company(ARC)?. Who regulates those companies in India? What is the nature of business of these companies?
22 February 2008
Often, solutions to a system-wide clean up of Non-Performing Assets result in creation of Asset Reconstruction Companies (ARCs), which are typically publicly/ government owned. ARCs act as debt aggregators and engage in acquisition of NPAs. Thus ARCs take away the distraction by isolating NPAs from the banking system and act as "bad bank". This leaves rest of the banking system free to act as "good bank" and return to equity markets and normal banking business. Governments encourage transfer of assets to ARCs through creation of supportive environment. Governments may also provide special powers to ARCs that are not otherwise available to banking system.
25 February 2008
dear mr.S.Srinivasaraghavan, please clarify more the nature or scope of activities carried out by Asset Reconstruction Company(ARC)companies...
07 March 2008
These asset reconstruction company after purchasing the NPA accounts for a discount, tries to collect those NPA debts.
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