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Arcil: Arcil among investors eyeing IDBI bad loans - Vimarsana News

Arcil: Arcil among investors eyeing IDBI bad loans

Published: November 28, 2023

Around twelve investors, including Asset Reconstruction Company India (Arcil), Aditya Birla ARC, Invent ARC, Omkara ARC, ASREC, UV ARC, Alchemist ARC, Phoenix ARC, and Prudent ARC, have shown preliminary interest in acquiring IDBI Bank's bad loans amounting to ₹8,842 crore. These distressed assets span 12 accounts, including VOVL, Jaiprakash Associates, and Wind World India.

Source: indiatimes.com
Related Topics:
United StatesAravali InfrapowerAsset Reconstruction Company India ArcilJeypore Sugar CompanyVideocon IndustriesJaiprakash AssociatesNational Asset Reconstruction CompanyJaypee AssociatesAditya BirlaWind WorldWind World IndiaMetalyst ForgingsPink City ExpresswayMcnally Bharat EngineeringIdbi BankAditya Birla ArcInvent ArcBad LoansUv Arc
Invent ARC: Invent ARC plans to boost assets with focus on small-ticket loans - Vimarsana News

Invent ARC: Invent ARC plans to boost assets with focus on small-ticket loans

Published: July 7, 2023

"About 25% of our book is retail loans within which there is now a potentially growing book for micro finance loans. In the last three quarters we have acquired about ₹470 crore of micro finance loans where the recovery has been even better than our projections. We expect this pace to continue," Manhas said.

Source: indiatimes.com
Related Topics:
Pankaj GuptaSheetal ManhasCentral BankCanara BankInvent Assets SecuritisationFormer SebiInvent ArcIifl Samasta FinanceBad LoanYes BankBank Of India