Company Overview of Asset Reconstruction Company (India) Limited
Asset Reconstruction Company (India) Limited, an asset reconstruction company, offers services for the resolution of non-performing assets upon acquisition from banks and financial institutions in India. It also offers outsourced business services, such as valuation, legal and technical due diligence, documentation relating to transfer of debt, preparation of resolution strategies, preparation of feasibility/market studies, implementation of resolution strategy and monitoring, identification of strategic investors/buyers for business, enforcement/sale of underlying securities, raising of additional funds for borrowers, integration and maintenance of loan accounts of the borrower, protection ...
Senapati Bapat Marg
Mumbai, 400 028
Founded in 2002
Key Executives for Asset Reconstruction Company (India) Limited
Chief Executive Officer, Managing Director and Director
President and Chief Operating Officer
Head of Finance and Budgeting Group & Admin
Head of Sme & Retail Business
Compensation as of Fiscal Year 2016.
Asset Reconstruction Company (India) Limited Key Developments
ICICI Bank Seeks To Sell Four Large Loans To ARC
Aug 4 16
ICICI Bank Ltd (NSEI:ICICIBANK) is seeking to sell four large loans to Asset Reconstruction Company (India) Limited. According Bloomberg news the bank intends to sell four of its large loans to the ARC and the ARC would also look to buy bad loans from other banks.
ICICI Reportedly Seeks Asset Sale In ARCIL
Aug 1 16
ICICI Bank Ltd. (NSEI:ICICIBANK) is reportedly seeking to sell stake in Asset Reconstruction Company (India) Limited. Sources familiar with the development said that ICICI is not immediately looking at selling out this stake and will take a call on it in due course.
ARCIL Eyes Acquisitions
Jan 8 16
Asset Reconstruction Company (India) Limited (ARCIL) is seeking acquisitions. Vinayak Bahuguna, Managing Director and Chief Executive of ARCIL said, "For the nine months of this fiscal, Arcil had focused on recoveries and will now look at acquiring retail NPAs in the fourth quarter." He added that ARCIL is also in discussions with many banks for buying their retail NPAs. "On the retail side, there is great opportunity for banks to monetise and book some revenues and profit. We are ready to pay 100% in cash, we have the bandwidth and we have the organisational set up with 17 branches and 300 staff on our roles," he said.
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