Indiabulls looking to exit ARC business, in talks for loan portfolio sale

graphical user interface: Indiabulls started its asset reconstruction business by setting up IARCL in 2017.

© Provided by The Financial Express
Indiabulls started its asset reconstruction business by setting up IARCL in 2017.

By Ankur Mishra

Indiabulls Group is looking to exit the asset reconstruction (ARC) business and is in talks with buyers to sell its loan portfolio, FE has learnt from sources close to the development. Indiabulls Asset Reconstruction Company (IARCL) is in talks with Asset Reconstruction Company India (Arcil) and Davidson Kempner of the US for sale of its Rs 1,500-crore loan portfolio.

Indiabulls is looking to exit the ARC business at a time when the government is in the process of setting up a bad bank. Finance minister Nirmala Sitharaman had announced setting up of an asset reconstruction company and an asset management company during the Budget speech.

“IARCL has decided to exit the asset reconstruction (ARC) business a few months back after assessing market conditions,” said one person aware of the

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Here’s Why You Should Hold Everest Re (RE) in Your Portfolio

Everest Re Group, Ltd. RE is well-poised for growth owing to new business opportunities, lower combined ratio and improved leverage ratio.

The company has a favorable VGM Score of B. VGM Score helps to identify stocks with the most attractive value, best growth and the most promising momentum.

The stock has seen its estimates for 2022 move up 3.4% in the past 30 days, reflecting analyst optimism.

Premium income of Everest Re got a boost as a result of focus on new business opportunities, improved terms and conditions and rate levels, expanded shares on attractive renewals and high retention rates on existing book, discipline cycle management, strong rate in target classes and improving activity in certain lines of business across its Reinsurance and Insurance segments.

Premium growth, continued focus on expense management and improved underlying combined ratio, loss and expense ratio at both the segments are likely to benefit the

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Should Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Be Part Of Your Dividend Portfolio?

Could Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.

Before you buy any stock for its dividend however, you should always remember sell my house fast jacksonville Warren Buffett’s two rules: 1) Don’t lose money, and 2) Remember rule #1. We’ll run through some checks below to help with this.

Explore this interactive chart for our latest analysis on Richmond Mutual Bancorporation!

NasdaqCM:RMBI Historical Dividend Yield May 25th 2020
NasdaqCM:RMBI Historical Dividend Yield May 25th 2020

Payout ratios

Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. So

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