Asset reconstruction companies are hiring specialised collection agencies to recover unsecured retail loans as stress in this segment increases. ARCs are prompted by the need to use external infrastructure and banking guidelines. A push towards professionalisation in loan recovery is underway.
Tata Capital Q1 Results: Net profit jumps 56% YoY to Rs 1,547 crore, revenue up 15%
Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 15 percent.