Date:08/11/2007 URL: http://www.thehindu.com/2007/11/08/stories/2007110856451700.htm

Business - Briefly

ARCIL to acquire two banks’ bad loans

MUMBAI: Asset Reconstruction Company (ARCIL) has acquired bad debts totalling Rs. 805 crore from ICICI Bank and the National Housing Bank (NHB) and is close to finalising more deals including public sector lenders, an ARCIL official said.