Distress Asset Back

Distressed Assets Sale

Most of the Non Performing Assets of the bank are distress assets due to its inherent challenges. These assets are sold significantly lesser than the market price. Our portal identifies such distressed assets and provides all possible details to the buyer. This Section also provides various information that are required to deal with such distressed assets.



NPA Related Terminologies

ARC - Asset Reconstruction Company is a Non Banking Finance Company, registered as required under SARFAESI Act 2002 and regulated by RBI. The main objective of ARC is to acquire nonperforming assets from the banks and revive the business to make it viable.

e-Auctions is an online platform where auction is conducted with pre registered bidders to select the highest bidder. e-Auctions are considered to be the most transparent way of conducting negotiations and recommended by RBI for sale of assets by banks.

DRT - Debt Recovery Tribunal is the appellate judicial authority established by the Government of India for expeditious recovery of debts due to banks and financial institutions. The borrower can make an application to DRT, if deprived by Banks recovery process.

NPA- Non Performing Asset - It is a classification used by banks/financial institutions for defaulting loans. Once the borrower has failed to make interest or principal payments for 90 days or more, the loan is considered to be a non-performing asset.

SARFAESI- refers to The Securitization and Reconstruction of Financial Assets and Enforcement of Security Act 2002, which empowers banks and financial institutions to recover loans through selling their non performing assets.



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