J.C. Flowers completes acquisition of Nonperforming Assets from YES BANK in India

Dec 19, 2022

New York [US], December 19 (ANI/PRNewswire): J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing...

Delhi HC asks govt, RBI to respond to Subramanian Swamy's PIL seeking probe on Yes Bank's stressed assets transfer

Mar 17, 2023

The Delhi High Court on Friday asked the government, the Reserve Bank of India (RBI), and the Securities Exchange Board of India (SEBI) to...

Faced with RBI scrutiny, ECL Finance and Edelweiss Asset Reconstruction Co maintain it won't materially impact businesses

May 30, 2024

Both ECL Finance and Edelweiss Asset Reconstruction Company, upon which RBI put certain restrictions on Wednesday, asserted that there won't be any material impact...

National Asset Reconstruction Company to acquire stressed assets of about Rs 2 lakh crore in phases

Sep 16, 2021

New Delhi [India], September 16 : Union Cabinet approved the Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National...

RBI imposes business restrictions on ECL Finance Limited, Edelweiss Asset Reconstruction Company Limited due to supervisory concerns

May 29, 2024

This decisive action comes in response to supervisory concerns identified during recent examinations, as per RBI release.

RBI Issues Master Direction for Asset Reconstruction Companies

Apr 24, 2024

According to the directions, to commence the business of securitisation or asset reconstruction, an ARC is required to have a minimum net owned fund...