Private banks take bigger hit on loan sales to ARCs

making an attempt to shore up their steadiness sheets, 33 personal and public sector banks offered loans value Rs 14,877 crore to Asset Reconstruction companies (ARCs) in 2015-16. These loans were offered for Rs 11,674 crore, implying a bargain of 22 per cent on the net price of the loans, in step with data compiled by Kotak Institutional Equities. a more in-depth have a look at these transactions reveals that personal sector banks offered loans at so much steeper cut price fee to ARCs than public sector banks. The 24 public sector banks for which knowledge is available, the online price of all accounts offered was once about Rs …

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