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Finance Ministry to review PSBs performance today, Secretary Nagaraju will chair high-level meetThe Department of Financial Services is holding a major meeting with Public Sector Banks today. The focus is on strengthening digital banki...- NARCL retains guarantees of Jaypee ex-promoters to boost recovery of duesNARCL has already filed applications linked to both the corporate guarantee of Jaiprakash Power Ventures and personal guarantees of chairma...
- Adani Group pays Rs 6,000 crore to Jaiprakash lenders in first tranche of Rs 14,535 crore planAdani Group has made a significant payment of ₹6,000 crore to lenders of Jaiprakash Associates. This marks the first installment of a ₹14,5...
- Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bidIn a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this ...
- 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...
- NARCL recovers ₹4,364 crore in FY26 as government steps up action on mule account fraudsNARCL achieved significant recoveries in 2025-26, nearing its acquisition target. Meanwhile, officials met to address rising digital financ...
- Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...
- NARCL to take over Rs 1000 crore Kay Bouvet debtNational Asset Reconstruction Co Ltd, or NARCL, will acquire the Rs 1000 crore debt of Kay Bouvet Engineering. Banks sought challenging bid...
- NARCL set to acquire debt of Kay Bouvet EngineeringSpecialised equipment maker Kay Bouvet Engineering's Rs 1,000 crore debt is poised for takeover by NARCL. Banks will see a 13% recovery thr...
- 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 to buy Kurukshetra e-way debtIn a significant move towards debt resolution, the government-supported NARCL is set to take over KEPL's outstanding ₹1,500 crore debt for ...
- NARCL to buy Kurukshetra e-way debt"Banks are in the process of signing final documents in the KEPL case, while in the case of BLA, too, there was no one who turned up in the...
- 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 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 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...
- 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 ...
- Transfer of bad loans from banks to NARCL hits indemnity hurdle nowAsset transfers from banks to India’s bad debt aggregator NARCL have hit a snag. The government-backed company is insistent on banks signin...
- NARCL's federal guarantee comes through after delay"The guarantee has been approved by the department of financial services (DFS) earlier this week. It is now expected that NARCL will comple...
- NARCL acquires Helios PhotovoltaicBased on the anchor bid from NARCL, PNB Investment Services had run the Swiss Challenge auction and asked interested bidders to bid at a ma...
- 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...
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