Overview

Overview

Assets Care & Reconstruction Enterprise Ltd (ACRE)

 

Assets Care & Reconstruction Enterprise ltd (ACRE), set up as an Assets reconstruction Company (ARC) under the provisions of SARFAESI Act 2002, helps banks and FIs to clean their books through acquisition of the Non Performing financial assets.

In India , ARCs function in a regulated environment under the provisions of a special enactment, Securitization and Reconstruction of the Financial Assets and Enforcement of Security Interest Act, 2002 [SARFAESI],creating value for distressed/ Sick and non-performing financial assets with banks and Financial Institutions. Against this backdrop, Assets Care & Reconstruction Enterprise Limited (ACRE), has carved out a niche for itself as a resourceful , professionally-managed, and reliable business revival catalyst, registered with Reserve Bank of India as a Securitisation & Reconstruction Company under Section 3 of the SARFAESI Act 2002. ACRE Focuses on the acquisition of such distressed / Sick financial assets that can be resolved in a relatively shorter timeframe.

 

ACRE responds to the sales of impaired assets by banks and financial institution, by participating in auction of such assets from time to time. This diversified business approach is well- suited to the needs of both lenders and borrowers. It acts to unlock the value in the burgeoning NPAs. ACRE"s endeavor is supported by its shareholders such as IFCI, Punjab National Bank, TFCI, Bank of Baroda, LIC, United Bank of India and MPCON.

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