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IDRCL
Selection process of bidder for JAL was fair, transparent & not tailor made: Lenders to NCLATLenders defended their decision to select Adani Enterprises as the successful bidder for Jaiprakash Associates, telling the NCLAT that the ...- 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...
- IDRCL settles two insolvency cases, first since inceptionIndia Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, has successfully resolved two accounts, distribut...
- Maharashtra govt told to pay ₹691 cr to IDRCL in tollway caseIndia Debt Resolution Co (IDRCL), the managing arm of NARCL, secured a ₹691 crore arbitration award from Bombay High Court-appointed arbitr...
- 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 ...
- Narayan Sheshadri appointed IDRCL chair, incumbent Diwakar Gupta to head NARCLNarayan Seshadri, former KPMG managing partner, is set to become the chairman of India Debt Resolution Co Ltd (IDRCL), the government-backe...
- 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...
- CCI approves SREI Infra Finance's acquisition by NARCL, IDRCLThe Competition Commission of India (CCI) has approved the acquisition of Srei Infrastructure Finance by National Asset Reconstruction Comp...
- First set of NPAs likely to be transferred to bad bank next month: Finance MinistryThe minister was apprised of the progress achieved and took note of the approvals/permissions received for both NARCL and IDRCL from the go...
- Canara Bank pares its stake in debt resolution firm IDRCL to 5 per centCanara Bank has reduced its stake in India Debt Resolution Company Ltd (IDRCL) to 5 per cent. The bad bank or the National Asset Reconstruc...
- HDFC Bank to infuse Rs 3 cr to acquire stake in debt resolution firm IDRCLIDRCL was incorporated on September 3, 2021, to carry on the business as a debt management company and to do all kinds of debt management. ...
- 'Foreign' private banks need govt nod to back debt recast firmThe bad bank proposal, announced in the February 2021 Budget, envisaged a public sector National Asset Reconstruction Co (NARCL) that will ...
- Bank of Baroda, Canara Bank announce subscription to IDRCL sharesIDRCL is an asset management company set up by the government with an authorized capital of Rs 50 crore. It will work in tandem with the Na...
- 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...
- 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...
- 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...
- 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...
- 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...
- IDRCL: Incentives and transparency, not RBIRBI oversight of IDRCL is neither necessary nor sufficient for smooth resolution of bad loans. Transparency of process and incentives for p...
- PSU banks seek RBI oversight on IDRCL for smooth NPA resolutionUnder the unique twin-company structure, National Asset Reconstruction Company Ltd (NARCL) - the bad bank in which the majority shareholdin...
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