Security Receipts News Today

Reserve Bank Deputy Governor Swaminathan J has expressed concern over the increasing regulatory violations and warned Asset Reconstruction Companies (ARCs)...

The RBI has found several instances of Asset Reconstruction Companies, which have been set up to recover NPAs of banks, not fulfilling their role but instead using innovative ways to structure transactions in order to circumvent regulations.The ...

The RBI Deputy Governor urged ARC chiefs to adopt a regulation-plus approach where you not only comply with the letter of the regulation but also its spirit.

Both the companies have been directed to strengthen their assurance functions to ensure regulatory compliance in letter and spirit at all times, the RBI said.

Shares of YES Bank settled at Rs 24.96 on Friday, falling about 1.89 per cent, with a total market capitalization of the lender stood at more than Rs 71,800 crore.

ARCs hold specialized expertise in asset valuation, negotiation, and legal procedures, crucial for navigating the complexities of a stressed asset landscape. Often perceived as a niche domain, the stressed assets market currently encompasses the acquisition and resolution of NPLs.

The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration as cash payment, and balance 85% is paid in the form of security receipts paid on recovery of loans or at the end of five years or whichever is earlier.

As we approach the Union Budget, industry experts anticipate a thoughtful reassessment of TDS rates to align with the growth objectives of the country.

YES Bank saw 38,67,36,259 shares worth Rs 776 crore changing hands. The stock climbed 2.58 per cent to Rs 19.90. The private lender recently said it received redemption of Rs 120 crore in the Security Receipts Portfolio.

YES Bank stock ended 5.38% higher at Rs 19.39 against the previous close of Rs 18.40 on BSE.