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India ARC: RBI issues Master Direction for Asset Reconstruction Companies

The Reserve Bank of India (RBI) issues Master Direction to Asset Reconstruction Companies (ARCs), critical for resolving stressed financial assets and improving the health of the financial system. The directive outlines requirements for ARCs, including minimum net owned fund, registration, investment limitations, capital adequacy, leadership tenure, and reporting of irregularities ....

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Blackstone: Former Blackstone executive Mathew Cyriac set to buy ex-firm's 51% stake in International ARC

Cyriac had joined Blackstone as its second employee in India in 2006, but left in February 2017 to start his own venture, having overseen the firm s first leadership transition in the country. ....

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