As per the terms of the offer, six lenders have jointly agreed to sell their outstanding debt of ₹873 crore for ₹160 crore, equating to a 1...

"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...

Following a nudge from the finance ministry last fortnight, most govt-owned banks identified companies they would prefer to sell to Nationa...

National Asset Reconstruction Co Ltd (NARCL) aims to acquire ₹30,000 crore of Srei Equipment Finance and Srei Infrastructure Finance loans ...

NARCL's ₹222.5 crore binding offer had triggered a Swiss Challenge auction which was scheduled on March 17. Lenders did not receive any cou...

Last month NARCL accelerated the pace of its activities after struggling for over a year to acquire bad loans. It has offered to buy six lo...

Lenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In t...

NARCL has engaged consultants such as EY, PwC, Alvarez and Marsal, KPMG, Grant Thornton to conduct due diligence for the 18 accounts. It wi...

Further, lead banks will seek consent from member banks to sell another 15 shortlisted accounts, including Jaypee Infratech, Srei Infrastru...

The government-owned asset reconstruction company (ARC) made the proposal in a recent letter to lenders, they said, adding that the fifth c...

In the case of CCC, bankers were stunned to receive a ₹60 crore bid for a total of ₹2,623 crore outstanding dues, a less than 3% recovery f...

The subject has assumed importance because banks have never invoked a government guarantee in the past. Senior bank officials conveyed thei...

The largest account on the list is Srei Equipment Finance with an outstanding loan of Rs 22,485 crore. The list also includes Srei Infrastr...

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

With AUM of Rs 30 lakh crore, LIC is the largest domestic institutional investor.

Time-bound resolutions under bankruptcy law are the key to cleaning up $190 billion stressed loans quickly.

Without pitching one thing against another, we’ll be even more muddled in this soup than we already are.