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Arcil

Assets should ideally be churned within five yrs: Arcil's Pallav Mohapatra

In a Q&A, the MD & CEO of the firm dwells on its business model and the focus on retail assets to drive volume, going forward

Assets should ideally be churned within five yrs: Arcil's Pallav Mohapatra
Updated On : 28 Mar 2023 | 11:13 PM IST

RBI's revised ARC norms improve governance; may shake up industry

Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth

RBI's revised ARC norms improve governance; may shake up industry
Updated On : 12 Oct 2022 | 10:40 PM IST

YES Bank NPA sale challenge: Arcil-Cerberus backs out of the race

In July, YES Bank signed a binding term sheet with JCF ARC LLC and JC Flowers ARC for a strategic partnership for the sale of identified stressed loans of the bank

YES Bank NPA sale challenge: Arcil-Cerberus backs out of the race
Updated On : 09 Sep 2022 | 9:57 PM IST

IDBI Bank divests its entire 19.18% stake in ARCIL to Avenue India

IDBI Bank on Wednesday said it has divested its entire stake of over 19 per cent in ARCIL to Avenue India Resurgence Pte. The lender, however, did not disclose the deal value. "...IDBI Bank has sold its entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 per cent of the total equity share capital of Asset Reconstruction Company (India) Ltd. (ARCIL) on May 18, 2022 to Avenue India Resurgence Pte. Ltd," IDBI Bank said in a regulatory filing. With this, the LIC-controlled lender said it ceases to be a sponsor shareholder of ARCIL. Stock of IDBI Bank closed 0.39 per cent down at Rs 38.10 apiece on BSE.

IDBI Bank divests its entire 19.18% stake in ARCIL to Avenue India
Updated On : 18 May 2022 | 10:31 PM IST

IDBI Bank board approves divesting entire 19% stake in ARCIL

IDBI Bank on Friday said its board has okayed a proposal to divest its entire stake of over 19 per cent in ARCIL

IDBI Bank board approves divesting entire 19% stake in ARCIL
Updated On : 27 Aug 2021 | 8:47 PM IST

There has to be an alignment of interest, says Arcil's Vinayak Bahuguna

'Banks form the majority of the lenders, and it would appear that they will push through whatever they think is fit for themselves and not necessarily for everybody else, he says

There has to be an alignment of interest, says Arcil's Vinayak Bahuguna
Updated On : 18 Jun 2020 | 2:47 AM IST

Link capital infusion to banks' balance-sheet clean-up: Arcil chief

Recovery rates from bad loans have improved after the implementation of the bankruptcy code in 2016

Link capital infusion to banks' balance-sheet clean-up: Arcil chief
Updated On : 04 Dec 2019 | 1:55 AM IST

ARCIL looks to increase return on assets to over 10% in next 3 years

The firm has also started purchasing some assets with Avenue Capital as a co-investor

ARCIL looks to increase return on assets to over 10% in next 3 years
Updated On : 16 Nov 2019 | 10:57 PM IST

ARCIL board asks management to firm up a business plan of five years

Will link decision on MD and CEO tenure to plan

ARCIL board asks management to firm up a business plan of five years
Updated On : 10 Sep 2019 | 1:22 AM IST

Arcil moves SC against stamp duty on retail loan NPA

The stamp duty was charged at 4.9% of the amount, or Rs 24.94 lakh

Arcil moves SC against stamp duty on retail loan NPA
Updated On : 05 Jan 2017 | 1:04 AM IST