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

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

Both ECL Finance and Edelweiss Asset Reconstruction Company upon which RBI put certain restrictions on Wednesday asserted that there wont be any material imp ....

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ECL Finance and Edelweiss Asset Reconstruction Company Faced With RBI Scrutiny, No Impact On Business

Both ECL Finance and Edelweiss Asset Reconstruction Company, upon which RBI put certain restrictions on Wednesday This order is with reference to the company's wholesale exposure. In the last financial year, the company passed a board resolution to discontinue this business, which was disclosed in its financial statements for the period ending March 31, 2024. ....

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Asset Reconstruction Companies not working as per their mandate to reconstruct and recover stressed assets: RBI

Asset Reconstruction Companies not working as per their mandate to reconstruct and recover stressed assets: RBI
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JM Financial : Revenue stood at Rs. 1,276 crore with YoY increase of 46% for Q4FY24. Revenue for FY24 stood at Rs. 4,832 crore with YoY increase of 45%. This is the highest annual operating revenue ever reported. PAT for Investment bank segment for FY24 stood at Rs. 706 crore with YoY increase of 90%.

JM Financial : Revenue stood at Rs. 1,276 crore with YoY increase of 46% for Q4FY24. Revenue for FY24 stood at Rs. 4,832 crore with YoY increase of 45%. This is the highest annual operating revenue ever reported. PAT for Investment bank segment for FY24 stood at Rs. 706 crore with YoY increase of 90%.
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