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ASREC (India) Limited

Acquisition of Assets

ASREC’s objective is to resolve the impaired assets. Banks and Financial Institutions are the major source for these assets. ASREC acquires non-performing assets (NPAs) from them for a consideration so that Banks’ / Financial Institutions’ Books remain clean of NPAs and they can concentrate on their core business.
 
ASREC has already acquired sizable NPAs from various Banks and Financial Institutions. Banks / Financial Institutions which are providing secured financial assistance to Companies, which have become stressed assets over a period of time, may consider transferring such stressed assets to ASREC for effective resolution.