The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration a...

The National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Hel...

The change in the deal structure was necessitated after the government refused to recognise the proposal by the bad loan aggregator earlier...

"The guarantee has been approved by the department of financial services (DFS) earlier this week. It is now expected that NARCL will comple...

"The guarantee is a big issue no doubt but the fact of the matter is that NARCL has taken too long to conduct due diligence and make concre...

Based on the anchor bid from NARCL, PNB Investment Services had run the Swiss Challenge auction and asked interested bidders to bid at a ma...

IDBI Bank CEO Rakesh Sharma confirmed the transfer without naming the account. IDBI Bank is the lead lender in the account with dues of ₹3,...

Videocon Industries affiliate VOVL Ltd, real estate company Jaypee Infratech, telecom infrastructure provider GTL Ltd, Visa Steel and Meena...

"We intend to place the (six accounts) for sale to ARCs/NBFCs/Other Banks/FIs etc," said a notice put up by PNB.

The development comes as a huge relief to solar developers, since over 90% of the equipment used in Indian solar projects is imported.

Solar cells, electrical devices that convert sunlight directly into electricity, are imported primarily from China, Malaysia, Singapore and...