Arcil acquires Ujjivan SFB’s stressed microfinance loans aggregating ₹365.5 crore for ₹34.26 crore

FINANCE

Arcil acquires Ujjivan SFB’s stressed microfinance loans aggregating ₹365.5 crore for ₹34.26 crore

AIMPWA

March 10, 2025

Table of Content

Asset Reconstruction Company (India) Ltd (Arcil) has acquired Ujjivan Small Finance Bank’s non-performing and written-off loans from its microfinance portfolio aggregating ₹365.5 crore for ₹34.26 crore.

This translates into a steep 94 per cent haircut for Ujjivan SFB. The bank carries an overall provision of 66.51 per cent on the above pool of microfinance loans.

The portfolio, comprising a substantial number of microfinance accounts, was acquired through a Swiss Challenge auction process, per an Arcil statement.

Pallav Mohapatra, MD & CEO, Arcil, his company is confident of leveraging its expertise in recoveries to unlock value from the acquired portfolio while supporting financial stability in the microfinance sector.

Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Kerry Washington invests in wedding marketplace Cheersy

AIMPWAMarch 14, 2025

Kerry Washington is expanding her angel investment portfolio, serving as lead investor in the pre-seed round of the wedding marketplace Cheersy. Cheersy, which was founded in 2024 by Amy Shack Egan, helps couples find day-of service wedding coordinators and has raised a total of $550,000, from other investors including Christina Tosi, the founder of Milk...

MFIs likely to adopt cautious growth approach moving ahead: Satin Creditcare CMD

AIMPWAMarch 14, 2025

Microfinance institutions (MFIs) are likely to proceed with cautious growth approach going ahead, after recording rapid growth in the range of 25-40 per cent in earlier years, and subsequently seeing stress in their asset quality, HP Singh, CMD, Satin Creditcare Network, tells businessline in an interaction. He talks about when the MFI sector stress is...

Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju

AIMPWAMarch 14, 2025

The finance ministry expects ₹40,000-45,000 crore to flow into banks as deposits from the various tax changes announced in the Budget, including raising the tax-free income level to ₹12 lakh, financial services secretary M Nagaraju said during a media interaction on various Budget proposals on Monday. Union Budget 2025, which finance minister Nirmala Sitharaman presented...

Tata-Group auto major plans ₹2,000 crore fund raise via NCD issue on THIS date, stock down 12% YTD; Buy or sell?

AIMPWAMarch 14, 2025

Tata Motors Ltd announced that its board will meet on Wednesday, March 19, to consider a fund raising proposal up to ₹2,000 crore. The leading manufacturer of domestic and commercial vehicles said the fund raising will be done through the issuance of rated, listed, unsecured, redeemable, Non-Convertible Debentures on a private placement basis. Tata Motors’...

Oil turns higher for the week as investors monitor Russia-Ukraine talks, tariff threats

AIMPWAMarch 14, 2025

Oil futures rose Friday, with Brent crude pushing back above the $70-a-barrel threshold as investors monitored talks to end the Russia-Ukraine war. Source link

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION