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Bandhan Bank is selling its affordable home loan portfolio to Avenue Capital-backed Asset Reconstruction Company India (Arcil) for ₹280 crore in an all-cash deal. The transaction highlights the stress in lower-income groups, where customers are unable to pay ₹10-12 lakh loans taken to buy their homes.
Over 20 asset reconstruction companies and non-banking finance companies have expressed their interest in acquiring Saraswat Bank s non-performing assets. These include Acre ARC, Asset Reconstruction Company (India) and Edelweiss ARC.
Twelve investors, including Aditya Birla ARC, Asset Reconstruction Company India (Arcil), ASREC, Invent ARC, Omkara ARC, Phoenix ARC, UV ARC, Alchemist ARC and Prudent ARC have shown preliminary interest to acquire bad loans of IDBI Bank amounting to Rs 8,842 crore., , asset reconstruction companies, idbi bank, loans, Net NPAs (non-performing assets)
Viceroy Hotels: In June, the Hyderabad bench of the NCLT rejected a lender-approved plan, stating that the performance bank guarantee furnished by the successful resolution applicant, Anirudh Agro Farm, had expired.