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NARCL

NARCL highest bidder for stressed Srei entities

Finance

NARCL highest bidder for stressed Srei entities

The government-backed National Asset Reconstruction Company Ltd has taken lead in taking over two ...

Varde-Arena consortium bid for Srei group

Finance

Varde-Arena consortium bid for Srei group

A consortium of Arena Investors LP and Varde Partners, National Asset Reconstruction Co. Ltd (NARCL...

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

Finance

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 ...

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

Finance

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 ...

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

Finance

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 (...

Punjab National Bank to buy stake in bad bank

Finance

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-...