Arcil FY19 recovery at 10-year highBad loan aggregator managed to sell more than 1500 properties across the country last fiscal.
22 Nov, 2019, 09.16 AM IST
Parliament approves bill providing death penalty for sexual assault against childrenThe Bill, which was already approved by the Rajya Sabha, defines child pornography, making it punishable.
01 Aug, 2019, 09.27 PM IST
ARCIL revives ailing Malwa Industries with working capital fundingMalwa Industries is one the few integrated denim manufacturers in the country with all activities from spinning to garmenting under one roo...
07 Apr, 2019, 12.59 PM IST
NY-based Avenue Capital picks up 27% stake in ArcilThe new bankruptcy framework has helped quicken the resolution process and increased opportunities in the distressed space.
13 Nov, 2018, 08.20 AM IST
Abandoned power plant a $38 billion warning sign for Indian banksIndia’s banks, which have some of the highest stressed asset ratios globally, are under mounting pressure from regulators to clean up their...
25 Jun, 2018, 02.19 PM IST
Bad-debt pioneer has a warning for bargain hunters in IndiaIndia is embarking on its most far-reaching effort to break up distressed corporate borrowers.
29 Nov, 2017, 07.29 PM IST
Arcil targets comeback through mid-cap deals, fundraisingAccording to experts, foreign investors are likely to be the only source of funds for Arcil as domestic institutions do not fund such riski...
15 May, 2016, 02.31 PM IST
Sakthi Sugars out of the woods post business recast: ArcilArcil, the country's oldest asset reconstruction company, bought 50% of Rs 1,100 crore loan that the sugar company had taken from five bank...
13 May, 2016, 06.13 PM IST
Arcil set to take over Abhijeet Group's Jharkhand power unitThe oldest asset reconstruction company, Arcil, today said it is in final stages of taking possession of a large power plant with the Abhij...
08 Jan, 2016, 10.32 PM IST
Banks should charge 'right' prices for selling NPAs: ArcilAsset reconstruction company Arcil said banks should charge the right price for selling their bad assets.
17 Dec, 2015, 03.24 PM IST
Asset reconstruction companies no relief for banks that look to sell bad loansLast year, banks put up over Rs 75,000 crore on the block and managed to sell Rs 20,580 crore worth of assets only, data from the industry ...
28 Oct, 2015, 04.00 AM IST
Arcil profit multiplies as it focuses on recoveryArcil said its net profit has increased eight times to Rs 67 crore in the year ended March 2015 from Rs 8 crore in March 2014.
13 Oct, 2015, 06.10 PM IST
ICICI to sell Rs 1,000 crore NPAs from Tulip Telecom, Falcon Tyres to ARCsICICI Bank has put two stressed assets with an exposure of Rs 1,000 crore on the block to be sold to asset reconstruction companies, market...
27 Jul, 2015, 09.59 PM IST
Arcil to focus on retail, SME assets; seeks better pricingAsset reconstruction company Arcil said it is going to focus more on buying retail assets but will be very selective in buying large corpor...
22 Jul, 2015, 10.24 PM IST
Arcil names Vinayak Bahuguna as CEO and MDThe appointment has been done after receiving all necessary approval from the Reserve Bank, the company said in a release here today.
15 Jun, 2015, 03.45 PM IST
Vinayak Bahuguna appointed Arcil's Managing Director and CEOThe country's largest asset reconstruction company Arcil has appointed Vinayak Bahuguna as its managing director and chief executive office...
02 Jun, 2015, 10.10 AM IST