Eligible Investors:
1) Asset Reconstruction Companies (ARCs)
2) Banks
3) Financial Institution
4 ) Private Equity Funds
5) Non-Banking Financial Companies duly registered & mandated by RBI
6) Others
* Eligible investors has to submit documentary evidence for buying the stressed Assets (Copy of RBI Registration certificate is mandatory)
The Key features are:
1) Participation by major banks
2) Availability of right cases for auction
3) Professional data room arrangement and availability of information
4) Availability of a large NPL portfolio
5) Timebound process
6) Appropriate Pricing environment
7) Transparent Negotiation environment
8) Co-ordinated auction of consortium accounts with lender consensus
9) Market making support
10) Transparent E Bidding Platform