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NARCL MANAGEMENT
PNB Q4 net profit rises 14% YoY to ₹5,225 crore; targets ₹2 lakh crore digital book in FY27Punjab National Bank is seeing strong digital growth, sanctioning one in three loans digitally and crossing ₹1 lakh crore in digital sancti...- Bad bank framework set for overhaul with NARCL-IDRCL mergerIndia's bad bank framework is set for a significant structural change, with plans to merge the National Asset Reconstruction Co (NARCL) and...
- NARCL may bid ₹900 cr for Videocon Oil's over ₹30,000 cr debtNational Asset Reconstruction Company of India (NARCL) plans to bid approximately ₹900 crore for Videocon Oil Ventures' (VOVL) stressed deb...
- NARCL looks at Rs 10,000 crore worth of acquisition in Q1India's state-backed bad bank, NARCL, is aiming to acquire stressed assets worth ₹10,000 crore in the first quarter of FY26. Offers have be...
- NARCL board recommends P Santhosh as MD & CEOThe board of NARCL recommends P Santhosh as the MD and CEO, succeeding N Sundar. Santhosh, a former Canara Bank CGM, has been the interim C...
- NARCL invites application for MD & CEO postThe National Asset Reconstruction Company (NARCL) is seeking a new managing director and CEO with 25 years of banking experience. The compa...
- After changes at the helm, NARCL goes on a bad-loan lapping spreeLed by Diwakar Gupta, NARCL has emerged as the most active player in the bad loan market, acquiring over ₹30,000 crore of stressed loans in...
- NARCL offers ₹270 cr for Pink City Expressway, recovery likely at 15%The government-backed bad loan aggregator, National Asset Reconstruction Co (NARCL), has made a ₹270 crore offer for Pink City Expressway P...
- Canara Bank CGM P Santhosh appointed as MD of NARCL, Sundar resigns as MDThe sudden change of guards at the government-promoted asset reconstruction has surprised many industry players that acquires bad loans by ...
- NARCL finalises acquisition of two SREI companies"This would be one of the largest time-bound resolutions in recent years," NARCL managing director N Sundar was quoted as saying in a press...
- Bad Bank's chairman Karnam Sekar resigns after proposal to merge with IDRCLThe bad bank, officially known as National Asset Reconstruction Company of India (NARCL), was set up a year ago to acquire the sticky loans...
- Lenders seek clarity from bad bank over invoking guaranteesThe subject has assumed importance because banks have never invoked a government guarantee in the past. Senior bank officials conveyed thei...
- NARCL capital base increases to Rs 1500 cr as new lenders joinExisting shareholders have infused more capital to keep their shareholding at the current levels while new shareholders have picked up less...
- Bad bank starts rolling, to start by taking up Rs 50,000 crore bad loansWhile the assets will be on the books of NARCL an entity controlled by public sector banks, its resolution will be managed by Indian Debt R...
- State-run lenders ask private peers to raise bad bank stakeLast year in September, the union cabinet had given its approval for guarantees of Rs 30,600 crore to back security receipts issued by NARC...
- Pradip Shah appointed NARCL Chairman; Sanjay Jain made IDRCL chiefShah, an MBA from Harvard and chartered accountant, is credited for establishing India's first and largest housing finance company, HDFC, a...
- RBI grants licence to NARCL: IBA CEO"Happy to share #RBI has given License to #NARCL on 4.10.2021. The approval has been accorded under Section 3 of #SARFAESI Act 2002," India...
- IBA moves RBI seeking licence to set up Rs 6,000-cr NARCL; approval likely in next few weeksAccording to sources, the company after mobilising an initial capital of Rs 100 crore and fulfilling other legal formalities has approached...
- IBA to soon move application to RBI for setting up Rs 6,000-cr bad bankWith registration of the company, the process for putting an initial capital of Rs 100 crore is on as per the guidelines, the sources said ...
- Canara Bank to be lead sponsor of bad bank, to pick up 12% stake"The Indian Banks' Association (IBA), vide their letter dated May 13, 2021 requested Canara Bank to participate in NARCL as sponsor. The bo...
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