Asset reconstruction companies can buy the bad assets from banks by paying cash or offering security receipts that get redeemed a few years later. In…
Month: October 2011
Bimal Jalan | You have to be decisive on fighting inflation
Mumbai: Bimal Jalan, former governor of the Reserve Bank of India (RBI), says, “Whatever option you finally choose and what you feel should be done,…
What ails asset reconstruction firms?
Asset reconstruction firms in India, through a trust, buy stressed assets of banks and financial institutions at a discount, recover them, and earn a fee…