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NARCL

NARCL highest bidder for stressed Srei entities

Finance

04 January, 2023

NARCL highest bidder for stressed Srei entities

The government-backed National Asset Reconstruction Company Ltd has taken lead in taking over two stressed entities of the Srei group ......

Varde-Arena consortium bid for Srei group

Finance

05 December, 2022

Varde-Arena consortium bid for Srei group

A consortium of Arena Investors LP and Varde Partners, National Asset Reconstruction Co. Ltd (NARCL) and Mumbai-based Authum Investments have ......

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

Finance

28 January, 2022

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

National Asset Reconstruction Company Ltd (NARCL), a government created entity to tackle bad loan problem in India, is set to ......

Premium
Distressed deals soar in 2021; Bad bank, IBC measures raise hopes for 2022

Finance

30 December, 2021

Distressed deals soar in 2021; Bad bank, IBC measures raise hopes for 2022

Calendar year 2021 opened doors for larger deals in the distressed assets space in 2022 following a year of some ......

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Finance

07 June, 2021

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (approximately $12.2 billion) ......

Punjab National Bank to buy stake in bad bank

Finance

07 June, 2021

Punjab National Bank to buy stake in bad bank

Government-owned Punjab National Bank (PNB) on Saturday said it will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company ......