PNB Transfer Bad Loans Rs 20,008 Crore to NARCL
On Wednesday, Punjab National Bank (PNB) recognised bad loans value of Rs 20,008 crore from 62 accounts. It is to be transferred to the Government-backed...
Tag : NARCL
IDBI Bank Q2 Net Profit Rises 46% to Rs 828 Crore on Loan Growth
Divestment candidate IDBI Bank‘s second-quarter net profit rose 46% to Rs 828 crore on strong loan growth and higher margins amid a marked improvement in...
NARCL Makes Offer to Acquire Jaypee Infratech Debt Held by Public Bank
State-owned banks that lend to Jaypee Infratech will be able to recoup the funds next month. However, the Economic Times reported that 24,000 homeowners, term...
India’s Bad Bank NARCL Bids for Mittal Corp
Government-promoted bad bank National Asset Reconstruction Company (NARCL), via its newly formed ARC, has made an offer for a loan of troubled steelmaker giant Mittal...
NARCL to Buy Loans of Five Distressed Companies, Wait for Lenders Assent
The government-owned National Asset Reconstruction Company Limited (NARCL) has offered to acquire the distressed loan accounts of five companies. However, the binding offer would only...