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KARNAM SEKAR
Buy Laurus Labs, target price Rs 710: Bajaj BrokingBajaj Broking recommends buying Laurus Labs with a target price of Rs 710. The current price is Rs 565.4. Laurus Labs expects significant g...- 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...
- NARCL emerges winning bidder for Rs 17,000 cr debtThe National Asset Reconstruction Company of India (NARCL) has been the winning bidder for six distressed accounts with outstanding debt of...
- 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...
- 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 gets a chief from its agent amid hopes the process speeds upThe NARCL has concluded the acquisition of just six companies since it started operations in January 2022 to house banking-sector advances ...
- State-owned 'bad bank' acquires three accountsIndia's state-owned 'bad bank,' National Asset Reconstruction Company Ltd (NARCL), has acquired three more accounts in the past two weeks, ...
- 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...
- Bad bank chief: Government again taps SBI’s talentThe government has been repeatedly tapping into SBI’s talent pool for key appointments in the public sector. Last year, in the aftermath of...
- Indian Overseas Bank Q4 results: Reports net profit at Rs 144 croreThe city-headquartered bank had reported a net loss at Rs 1,985.16 crore during corresponding quarter previous year.
- BBB recommends Ashwini Bhatia for post of SBI MDThe Banks Board Bureau has also recommended names of M V Rao and P P Sengupta for the post of managing director of Central Bank of India an...
- IOB raises lending target for home, MSME loans; hopes to be profitable soon: CEOThe Public sector bank, which is under the RBI's prompt corrective action (PCA) currently and has been incurring losses for the past 18 qua...
- Indian Overseas Bank aims to exit PCA soon: Karnam SekarWe are strengthening our asset recovery management branches with relatively high value advances. We have tried to pool stressed assets in t...
- Dena bringing NPAs down to as low as possible before merger: Karnam Sekar"We have been selling assets right after we were put in PCA. We have sold Rs 500 crore worth of loans."
- If this merger works, maybe the industry will move in this direction: Karnam Sekar, Dena BankWe appointed valuers for each bank separately and there was a huge process involved, says Sekar.
- Dena Bank aims to bring down gross NPAs to 15% by March 2019MD and chief executive officer Karnam Sekar said that the bank has not added any NPAs in the last two quarters, and in September quarter, i...
- Reducing NPAs is Dena Bank’s first priority, says CEO“In next 2-3 quarters we will try and complete the whole process of amalgamation.”
- SBI reshuffles portfolio of top managementThe change in portfolios was announced by chairman Rajnish Kumar on Wednesday night.
- SBI funds 100 MW rooftop solar projects under World Bank programmeWith the World Bank funded capacity development programme, SBI is making efforts to expand and incentivise the market for rooftop solar pow...
- SBI elevates 5 chief general managers as DMDs, appoints new CIO, CROState Bank of India has elevated five of its chief general managers (CGMs) to the post of deputy managing directors (DMDs), according to a ...
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