India: JM Financial ARC offers to buy out SBI’s loan to Bombay Rayon for $128m Photo: Pradeep Gaur/ Mint Gopika Gopakumar August 22, 2018 PremiumJM Financial Asset Reconstruction Co. (ARC) on Monday offered to buy out State Bank of India’s (SBI) loan to Bombay Rayon Fashions Ltd in a Rs900 crore full-cash deal, two bankers aware of the matter said. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org.