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Abhijit Datta new chairman of Arcil24-AUG-09
Asset Reconstruction Company (India) Ltd. (Arcil) today announced the appointment of Abhijit Datta as the Chairman of its Board of Directors in place of N.
Banks prefer cash deals for NPA sale10-JUN-09
Long wait for realisation makes lenders averse to security receipt transactions.
Arcil plans $600 mn fund19-JAN-09
Asset Reconstruction Company of India has decided to float a $600 million (around Rs 2,900 crore) stressed asset fund by the end of March to “bring back confidence” of investors, S Khasnobis, managing director and CEO, said.
Deutsche, JM Fin, Arcil, Kotak eye Dena's NPAs12-MAR-08
Leading financial sector entities including Deutsche Bank, JM Financial, Kotak Mahindra and Arcil have evinced interest in buying Dena Banks non-performing assets (NPAs) worth Rs 188.4 crore.
ICICI Bank sells 45% bad home loans to Arcil06-NOV-07
First step in creating market for sticky retail lending.
Arcil to offer sops to close bad loans14-FEB-07
A few months from now, loan defaulters may find themselves free from the threat of the recovery goon squads that some banks hire. Instead, they could be meeting a polite official offering them some
United Bank in talks with Arcil for NPA deal14-FEB-07
Kolkata-based United Bank of India (UBI) has started negotiations with Asset Reconstruction Company of India (Arcil) to sell sticky assets worth about Rs 50 crore in the current financial year.
Arcil settles Rs 1741 cr bad loans in first half30-NOV-06
Asset Reconstruction Co (India) Ltd (Arcil), the countrys first bad loans buyer, has resolved cases of non-performing assets (NPAs) involving total dues of Rs 1,741 crore during April-September 2006
Spectrum Tech moves court against Arcil plan20-NOV-06
Spectrum Technologies USA (STUSA), a minority shareholder in the beleaguered Spectrum Power Generation Limited (SPGL), has approached the city civil court seeking to restrain the Asset Reconstruction
IDFC to purchase 8.71% of ARCIL for Rs 57.46 cr13-NOV-06
Mumbai, November 13, 2006: IDFC has agreed to purchase 19,153,340 shares, representing a 8.71% holding, of the Asset Reconstruction Company (India) Limited (ARCIL) for a consideration of Rs. 57.46
Arcil to rake in Rs 400 cr from Birla VXL sale05-OCT-06
Asset Reconstruction Company (Arcil) hopes to mobilise Rs 400 crore from the assets sale of S K Birla group textile outfit Birla VXL.
Mr. S. Khasnobis takes over as MD & CEO of ARCIL24-JUL-06
Mr. S Khasnobis has assumed charge as Managing Director & CEO of Asset Reconstruction Company (India) Ltd. (Arcil) from July 13, 2006. He was earlier President & COO of Arcil, on deputation
Arcil bottomline zooms 610%25-MAY-06
Plans to raise Rs 360 crore through rights issue.
Arcil buys bulk of Spectrum debt, scouts for buyer18-MAY-06
Finally, there seems to be light at the end of the tunnel for the 208 MW Spectrum Power Generation Ltd (SPGL).
Arcil settles 115 cases, pays Rs 832 cr to banks08-APR-06
The Asset Reconstruction Company of India (Arcil) resolved 115 non-performing assets (NPA) cases aggregating Rs 4,602 crore during 2005-06 (April-March), said the company.
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