ARCIL buys Rs.1,100-Cr small-ticket loans from RBL, Bandhan Bank

Economic Times  

Avenue Capital-backed Asset Reconstruction Company of India (Arcil) has acquired nearly INR 1,100 crore in small-ticket loans from RBL Bank and Bandhan Bank in two separate transactions.RBL Bank sold small business loans worth INR 360 crore for INR 20 crore in an all-cash deal at an auction to the ARC, equating to less than 1% recovery. Separately, Bandhan Bank sold a INR 719-crore home loan portfolio for INR 289.6 crore at a Swiss auction, equating to a 40% recovery for the bank. Both transactions closed in the last week of December.

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