High bids and low recovery: A possible case for non-performing loan auctions in India (Record no. 53209)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01390nam a2200217 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20191213125523.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 191212b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Pandey, Ashish |
| 9 (RLIN) | 35353 |
| 245 ## - TITLE STATEMENT | |
| Title | High bids and low recovery: A possible case for non-performing loan auctions in India |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 250-249 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper considers the possibility that the prices bid by asset reconstruction companies in India under a security receipt mechanism may not reflect the ultimate recoverable value of non-performing loans. The paper establishes, using a model and simulations, that the price bid by asset reconstruction companies will reveal their own rational interest and can significantly exceed the recoverable value. The conclusions arrived at in this paper raise concerns regarding the use of auction bids as an indicator of fair value on banks’ financial statements. The paper offers certain recommendations to mitigate the impact of an erroneous auction design. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Non-performing loans |
| Uncontrolled term | Asset reconstruction companies |
| Uncontrolled term | Contingent payment auctions |
| Uncontrolled term | Fair value accounting |
| Uncontrolled term | Principal agency conflict |
| Uncontrolled term | Indian NPA crises |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 26346 |
| Host Itemnumber | 77275 |
| Main entry heading | RAVI aNSHUMAN V. |
| Place, publisher, and date of publication | BANGOLRE IIM BANGALORE 2011 |
| Other item identifier | 55511085 |
| Title | IIMB Management Review |
| International Standard Serial Number | 09793896 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 12/12/2019 | Vol 31, Issue 3/ 55511085JA3 | 55511085JA3 | 12/12/2019 | 12/12/2019 |