Assets Care & Reconstruction Enterprise Ltd.
Banking - , Delhi, India
Assets Care & Reconstruction Enterprise Ltd. Employees
Assets Care & Reconstruction Enterprise Ltd. Senior Management
Assets Care & Reconstruction Enterprise Ltd. Details
Assets Care & Reconstruction Enterprise Ltd. [ACRE] is an Asset Reconstruction Company (ARC) licensed by RBI under the SARFAESI Act 2002 that started operations in mid-2007 with the objective of acquiring non-performing assets (NPAs) from financial institutions and banks. ACE has been jointly promoted by IFCI, PNB, LIC, TFCI, Bank of Baroda, United Bank of India & MPCON. The key objectives of ACE are to unlock the value trapped in the impaired and non-performing assets of Banks/F.Is and NBFCs by purchasing the same and their resolution through financial restructuring, Support of strategic investors and provision of growth capital. It aims to incorporate best practices for resolution of assets and set benchmarks in the Indian Financial Services Sector and to play a pioneering role in the Securitisation/Reconstruction of distressed debt in India.
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