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Sep 30, 2014
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Bad loan sales slump in July-Sept quarter of FY15
After witnessing a surge in bad loans purchases in the April-June quarter, the pace of activity has nose-dived in the second quarter of the financial year, with asset reconstruction companies (ARCs) turning cautious and choosy in picking up assets.According to top executives with ARCs, the sale of non-performing assets (NPAs) might be less than Rs 1,000 crore in July-September 2014 - a far cry from the Rs 10,000 crore that ARCs acquired in the previous two quarters.
Source -
http://www.business-standard.com
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