Mon, Aug 19, 2024
The minister also urged the PSBs to explore collaboration to leverage their respective strengths by sharing best practices in emerging areas and equip themselves to keep pace with changes in the banking sector.
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Wed, Jan 04, 2023
As a result of failing to raise bids above Rs 4,800 crore, a consortium of Varde Partners and Arena Investors, another bidder in the resolution process, was out of the race during the third round, he said.
Wed, Jun 22, 2022
NARCL to buy NPA of Rainbow Papers. NARCL to buy NPA loans of public sector banks. Know full news from Tarun Sharma.
Tue, Jun 21, 2022
National Asset Reconstruction Company Limited (NARCL) has started the process of buying Non-Performing Asset (NPA) from banks, Zee Business has learnt through sources. Last week, Indian Oveseas Bank (IOB) received a binding offer from NARCL, Tarun Sharma reported citing his sources.
Wed, Apr 06, 2022
Transfer of 15 bad loan accounts worth Rs 50,000 crore to the National Asset Reconstruction Company could not be completed within the deadline due to procedural delays, Union Bank of India Rajkiran Rai G on Wednesday said.
Tue, Mar 08, 2022
NARCL has invited applications for the position of full-time managing director and chief executive officer of the Rs 6,000-crore bad bank, set up for the resolution of stressed assets.
Wed, Nov 24, 2021
The biggest account is of Videocon Oil Ventures, which has NPAs worth Rs 22,500 crore and the lead lender is SBI. Likewise, Amtek Auto has NPAs worth Rs 9014 crore, where Union Bank is the lead lender. Reliance Naval and Engineering which has NPAs worth Rs 8934 cr and the lead bank is IDBI Bank
Sun, Oct 17, 2021
The National Asset Reconstruction Company (NARCL) or bad bank will soon bring on board more directors for fair representation of shareholders and better corporate governance, according to sources
Tue, Oct 05, 2021
RBI has approved the licence of the National Asset Reconstruction Company Limited (NARCL) under section 3 of the SARFESAI Act. The approval has been received from the Department of Regulation of the RBI.
Sun, Oct 03, 2021
NARCL will pay up to 15 per cent of the agreed value for the bad loans in cash and the remaining 85 per cent would be government-guaranteed security receipts
Thu, Sep 30, 2021
"Punjab National Bank has subscribed to 1,80,00,000 shares of National Asset Reconstruction Company Ltd (pending execution of investment agreement)," the bank said in a regulatory filing
Fri, Sep 17, 2021
Banking stocks were in focus after the Union Cabinet cleared a proposal to provide Rs 30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company (NARCL) as part of the resolution of bad loans.
Tue, Jul 13, 2021
In the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman had said that an Asset Reconstruction Company Ltd and an Asset Management Company will be set up to consolidate and take over the existing stressed debt.
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