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NARCL NEW LENDERS
NARCL offer for JAL triggers Swiss challenge, a dozen entities interestedNational Asset Reconstruction Co Ltd (NARCL) has offered ₹12,000 crore for the debt-ridden Jaiprakash Associates Ltd (JAL), sparking a Swis...20 Dec, 2024, 11.58 AM IST- NARCL ups offer for Jaiprakash Associates debt to Rs 12,000 croreNARCL has increased its bid to acquire the debt of Jaiprakash Associates to ₹12,000 crore. The revised offer comes as the company's appeal ...13 Nov, 2024, 11.46 PM IST
- Govt says 10 PSBs transferred NPAs of over Rs 11,617 cr to NARCL from Jan-NovIn a written reply to a question in the Rajya Sabha, Minister of State for Finance Bhagwat Karad said the National Asset Reconstruction Com...12 Dec, 2023, 03.33 PM IST
- Dharani Sugars' promoter gets another chance to win it backThe Supreme Court had stayed a liquidation order of the sugar maker given by the National COmpany Law Tribunal (NCLT). The National Company...21 Sep, 2023, 12.57 AM IST
- Indian Bank to hold second Swiss auction for Dharani Sugars' loansThe change in the deal structure was necessitated after the government refused to recognise the proposal by the bad loan aggregator earlier...24 Aug, 2023, 10.49 AM IST
- NARCL progress hit on government guarantee delay"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...02 May, 2023, 12.34 AM IST
- Promoter betters NARCL's full-cash offer for CCCLIn his application to the National Company Law Tribunal (NCLT), CCCL promoter R Sarabeswar has offered to pay ₹167 crore in cash and also p...16 Jan, 2023, 06.21 AM IST
- NARCL agrees to match rare ARC's bid for SSA International's debtRare had offered ₹32.5 crore to top NARCL's offer of ₹31 crore under a Swiss challenge conducted by lead lender State Bank of India (SBI) l...02 Dec, 2022, 10.28 AM IST
- 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...25 Jul, 2022, 06.24 AM IST
- 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...24 Mar, 2022, 09.25 PM IST
- Decks cleared for setting up of Bad Bank, SBI chairman says all approvals receivedThe National Asset Restructuring Company (NARCL) or what is popularly called a bad bank will help lenders in cleaning up their books by acq...28 Jan, 2022, 03.12 PM IST
- RBI rethink on 'dual structure' may delay launch of bad bankAccording to the proposal submitted to the Reserve Bank of India, the National Asset Reconstruction Company (NARCL) would have acquiring no...03 Jan, 2022, 10.37 AM IST
- Indian Bank picks up 13.2% stake in NARCLThe investment of equity stake of 13.27 per cent would be reduced to 9.90 per cent by December 31, 2021, Indian Bank added.02 Oct, 2021, 10.46 AM IST
- SBI, Union Bank, PNB pick up stake in NARCLWhile State Bank of India (SBI) and Union Bank of India picked up 13.27 per cent stake each, representing a cumulative 3.88 crore shares in...01 Oct, 2021, 01.28 AM IST
- Banks may sell Rs 1 lakh crore of dodgy loans to NARCLBanks could offload nearly Rs 1 lakh crore of accounts with known fraudulent activities to National Asset Reconstruction Company Ltd (NARCL...27 Sep, 2021, 06.35 AM IST
- 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...15 Jun, 2021, 08.15 PM IST
- National Asset Reconstruction Company to be operational next month: IBA CEONARCL, name coined for the bad bank, refers to a financial institution that takes over bad assets of lenders and undertakes resolution.09 May, 2021, 03.29 PM IST
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