Arcil

The size of the IPO is likely to be in the range of around Rs 1,000 - 1,500 crore

IDBI Bank divests entire 19.18% stake in ARCIL

IDBI Bank on Wednesday said it has divested its entire stake of over 19% in ARCIL to Avenue India Resurgence Pte.

Punjab National Bank, IDBI, Bank of India among others exit ARCs as they move to set up ‘Bad Bank’

Punjab National Bank had put out its stake of 10.01 percent in Arcil, one of the oldest ARCs of India, for sale.

Arcil appoints Pallav Mohapatra as CEO & MD 

Pallav Mohapatra had earlier served as MD and CEO of the Central Bank of India.

US fund Avenue Capital picks up 27% in Arcil

The US fund is picking up stakes from IDFC Bank (8.37 percent), government of Singapore's Lathe Investments (9.9 percent), Ashmore Capital (1.37 percent), South African lender Firstrand Bank (4.11 percent), Karur Vyasya Bank (1.96 percent) and Barclays Bank (1.5 percent), chief executive and managing director Vinayak Bahuguna told reporters here Monday.

Avenue Capital to buy out 27% Arcil stake from IDFC Bank, GIC, 4 others

Arcil has made an application to the RBI (Reserve Bank of India) involving a transfer of shares from existing shareholders including Singapore sovereign fund GIC, First Rand Bank, Barclays, IDFC Bank and Karur Vysya Bank

EXCLUSIVE: Banks' stressed loan sale weak despite recognition: ARCIL CEO

Sale of stressed assets has fallen sharply in FY17, despite improved recognition by banks. Vinayak Bahuguna, CEO of ARCIL, the country‘s largest asset reconstruction company, in an exclusive interview with Malini Bhupta explains why banks are not willing to sell down their stressed assets and what can be done.

Exit non-core businesses: Finance Ministry to banks

They have been asked to move forward on the idea based on deliberations at the Gyan Sangam last year, sources said.

Arcil targets comeback through mid-cap deals, fundraising

Country's oldest asset reconstruction company Arcil has blamed an "overheated market" for its slow pace of snapping up bad assets in recent years, but asserted that it will regain its past eminence by focusing on mid-cap deals and undertake a fundraising exercise this fiscal.

Co's net worth to grow Rs 160 cr post loan restructure: Sakthi

The restructuring includes loans worth Rs 61 crore to be converted into equity and remission of liability worth Rs 102 crore, says M Manickam, Executive VC of Sakthi Sugars.

Arcil set to take over Abhijeet Group's Jharkhand power unit

The Abhijeet Group was setting up an 1100 MW coal-based power plant, Corporate Power, in Jharkhand, but could not complete it and also failed to service its loans.

Arcil net profit jumps 7-fold to Rs 67 crore in 2014-15

"Arcil will adopt a disciplined approach to new asset acquisitions, keeping in mind the mandate to improve the returns for all our stakeholders," Vinayak Bahuguna, chief executive and managing director, Arcil, said in the statement.

Arcil to float Rs 500-cr fund, to buy bad loans for banks

The fund will be raised from qualified institutional investors, which will include commercial lenders, Rudran said. Arcil will form special trusts in which the money from the issue will be parked and then invested in the security receipts, which are used for buying stressed assets.

Was looking for over Rs 900/shr for CARE stake: IDBI Bank

IDBI Bank was looking for over Rs 900 a share and the bids it received were below that price. IDBI Bank holds close to 17 percent in CARE and had put up its stake for sale

RBI plans to revive stressed loan market for banks, ARCs

The Reserve Bank of India (RBI) is planning to add momentum to the lacklustre stress loan sales market wherein banks dispose off their non-performing loans to the asset reconstruction companies (ARCs).

SARFAESI act to empower financial institutions: Experts

SL Bansal, CMD of Oriental Bank of Commerce is of the opinion that the new amendments will strengthen the financial institutions and give them more power to deal with NPAs, he added.

NPA woes: Why banks are not selling bad loans

Escalating bad loans have not yet made a strong case for banks to sell their distressed portfolios to asset reconstruction companies (ARCs). Almost every such company is struggling to get business from banks, whose repeated assurance does not translate into action. The bane of contention is the pricing issue.

NPAs help! Arcil to buy Rs 2,500 cr stress assets in FY13

Asset Reconstruction Company(ARCIL), the country‘s largest entity in the space of buying bad loan portfolios, is all set to scale up its business by many folds. According to P Rudran, the managing director & CEO, it is eying to acquire stressed assets of around Rs 2,500 crore in FY13 compared with less then Rs 100 crore assets bought in FY12.

FinMin group submits report on ARCs, policy changes likely

A high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has recently submitted its recommendations on policy changes for Asset Reconstruction Companies, which have not gained momentum even 10 years on since inception. The RBI and the central government has to now decide on the report.

Market cues: Slovakia, co earnings, commodities & more

US and europe ended yesterday higher on account of Slovakia's committment to support the rescue fund while a weakening dollar drove crude and gold up on the commodity meter. EM bourses look to facilitate cross-listing and back home, Infosys kick-started a good earnings season. Whats more? Check out.

Fitch downgrades Arcil on corporate governance issues

The largest asset reconstruction company in India, Arcil has received a big blow from one of the rating agencies.