Browsing Tag
NARCL
Lenders need to make more NPA provisions – Times of India
MUMBAI: Banks are looking at transferring newer nonperforming assets (NPAs) to the National Asset Reconstruction Company (NARCL). But the provision requirement is set to rise as the sale price is likely to be lower than the value of the…
Highlights of Union Budget 2022-23
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
Following are the highlights of the speech:
Fiscal deficit at 6.9 per cent of GDP in 2021-22, 6.4 per cent in 2022-23.
Total expenditure in FY23…
Bad Bank Receives All Approvals, Rs 50,000 crore Assets to be Transferred in Phase 1
State Bank of India chairman Dinesh Khara on Friday said that all requisite approvals for setting up NARCL and IDRCL have been received. Public sector Banks will have a majority stake in the National Asset Reconstruction Company Limited…
‘Banks to transfer 15 NPAs worth ₹50,000 cr. to NARCL’
Banks have finalised plans to transfer 15 Non-Performing Asset (NPA) accounts worth ₹50,000 crore to the National Asset Reconstruction Company Ltd. (NARCL), or the ‘bad bank’ set up to help resolve the stress by the end of this financial…
Bad bank takes off, to get Rs 50,000 crore of NPAs in FY22 – Times of India
MUMBAI: State Bank of India chairman Dinesh Khara on Friday said that the National Asset Reconstruction Company (NARCL) — the bad bank proposed to take over non-performing loans (NPLs) — has received all approvals to commence operations. He…
SBI gets approvals for setting up ‘bad bank’: All you need to know
New Delhi: The approvals required for setting up National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL), including from the RBI, have now been received, lending major SBI said on Friday. Accordingly, both…
India’s ‘bad bank’ gets into action, to acquire ₹82,845 crore NPAs soon
NEW DELHI: National Asset Reconstruction Company (NARCL) is ready to acquire stressed assets worth ₹82,845 crore involving 38 non-performing assets (NPAs) in phases -- 15 NPA accounts involving ₹50,335 crore by March 31 and the balance in…
NARCL chief to assist RBL Bank in finding full-term MD and CEO; headhunter EgonZehnder also roped in
New Delhi: RBL Bank has inducted NARCL Chairman Pradip Shah as an external expert to assist its search panel in finding a full-time MD and CEO, after the removal of Vishwavir Ahuja from the post last month.
Global headhunting firm…
View: Is IBC being relegated as a NPA resolution option of last resort?
Urjit Patel’s book Overdraft informed us that an attitude to go easy on invocation of The Insolvency and Bankruptcy Code (IBC) was taking roots in mid-2018. By late 2019 officials were advocating that resolution of non-performing assets…