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Our Vision
ISARC vision is to become the leading Asset Reconstruction Company which would unlock the idle NPAs lying in the Financial Sector, including Banks/FIs, with a focus on the NPAs in the MSME sector, for their productive use by resorting to innovative resolution mechanisms of NPAs.
About ISARC
 
Origin of ARCs
  Asset Reconstruction Companies [ARCs] are established under SARFAESI Act, 2002 as specialized entities for NPA resolution. These ARCs are established to acquire, manage and recover illiquid or ¡®Non-Performing¡¯ Assets [NPAs] from Banks / FIs. This process would relieve the banking system of the burden of NPAs and would allow them to focus better on their core function of financing and development of new business opportunities so as to further strengthen the economy. The ARCs would maximize recovery value with optimal costs through its innovative NPA resolution methods.
   
Initiative of SIDBI
  SIDBI is the Apex Financial Institution for MSME sector and has taken a number of proactive measures for the MSME sector including setting up subsidiaries / associate concerns providing support services like providing of Venture Capital, Credit Guarantee, Rating, Technology Services, etc. which have immensely benefited the sector. Recognizing the need for an ARC for the MSME segment, SIDBI has thus taken the lead to promote India SME Asset Reconstruction Company Ltd. (ISARC).
   
  Sponsors
   
 
SIDBI (www.sidbi.in)
  SIDBI, an Apex Financial Institution set up by an Act of Parliament in 1989, has been set-up with a mission to empower the Micro, Small and Medium Enterprises (MSME) sector with a view to contributing to the process of economic growth, employment generation and balanced regional development. It has been given a mandate to promote, finance and develop the MSMEs and co-ordinate with institutions involved in these activites. The Bank¡¯s vision is to emerge as a single window for meeting the financial and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred and customer - friendly institution and for enhancement of share - holder wealth and highest corporate values through modern technology platform. Apart from providing finance, both directly to MSMEs and indirectly through financial intermediaries, viz., Banks, SFCs, NBFCs, etc., it has taken a number of of proactive measures for the benefit of MSMEs including setting up subsidiaries / associate concerns providing support services like provision of Venture Capital, Credit Guarantee, Rating, Technology Services etc. which have immensely benefited the sector. As a sequel to this and having regard to the need to unlock funds locked up in NPAs, SIDBI has promoted ISARC in association with Public Sector Banks, LIC and State Financial Corporations with a focus on NPAs of MSME sector.
   
  SIDBI Venture Capital Ltd. (www.sidbiventure.co.in)
  SIDBI Venture Capital Limited (SVCL) is a wholly owned subsidiary of SIDBI, incorporated in July 1999 to act as an umbrella organisation to oversee the Venture Capital operation of SIDBI. SVCL manages the various Venture Capital Funds launched/ being launched by SIDBI and has a mission to catalyse entrepreneurship by providing capital and other strategic inputs for building businesses around growth opportunities and maximize returns on investment. Their mission is to catalyse entrepreneurship by providing capital and other strategic inputs for building businesses around growth opportunities and maximize returns on investment
   
  Punjab National Bank (www.pnbindia.in)
  Punjab National Bank, India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorized capital of Rs 2 lakhs and working capital of Rs 20,000. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital. During the long history of the Bank, 9 banks have been merged with PNB. The financial year 2019- 20 was significant in view of the announcement of amalgamation of Public sector Banks wherein Oriental Bank of Commerce and United Bank of India amalgamated with Punjab National Bank with effect from April 1, 2020.

The Bank’s brand image and trust reposed by its customers have been reflected in growing customer base and rising business graph of the Bank. As at the end of 30th June 2020, PNB is the second largest Public sector Bank (PSB) of the country. Global Business increased by 2.7 % YoY to Rs.17,96,612 crore as at the end of June’20 from Rs.17,49,047 crore in June’19. The Bank continues to maintain its forte in low cost CASA deposits with share at 43.45%. Bank’s focus has been on qualitative business growth, recovery and arresting fresh slippages.
   
  Bank of Baroda (www.bankofbaroda.com)
  Bank of Baroda, was founded by Maharaja Sayajirao Gaekwad of Baroda on July 20, 1908 with a paid up capital of Rs 10 lakh, has since traversed an eventful and successful journey over 100 years. It has diversified into areas of merchant banking, housing finance, credit cards and mutual funds and has developed as ¡°India¡¯s International Bank¡±.
   
   
  Policies
   
CSR Policy of the ISARC
   
Fair Practice Code
   
Terms and Conditions for appointment of Independent Directors
   
   
  Board of Directors of ISARC
   
 
 
 
  Shri Manoj Mittal
(Nominee Director SIDBI)
 
     
Shri Anup Sankar Bhattacharya
(Independent Director)
Smt. Rachna Dikshit
(Independent Director)
Shri Shyam Sundar Barik
(Independent Director)
 
 
Shri Manjit Singh Kochar
(Nominee Director PNB)
Shri Virendra Khandelwal
(Nominee Director BOB)
 
  Management Team of ISARC
 
Shri Rishi Dwivedi, Chief Executive Officer
Shri K Prakash, Chief Financial Officer
Kum. Prity Adwani, Company Secretary & Compliance Officer
 
 
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