Bank of India picks up 9 per cent in bad bank

The government-owned BoI said in an exchange filing that it has invested Rs 109 crore in NARCL under preferential share issuance.

published on : 22nd March 2022

SBI gets requisite approvals for setting up 'bad bank'

The approvals required for setting up NARCL and IDRCL, including from the RBI, have now been received, lending major SBI said on Friday.

published on : 29th January 2022

Fresh shot at disposing of stressed assets

The move comes after the RBI’s humble attempt in 2017 to resolve 40 large NPAs in a timebound manner, courtesy the freshly minted bankruptcy law.

published on : 18th September 2021

IBA moves RBI seeking licence to set up Rs 6,000-crore  National Asset Reconstruction Company 

IBA, entrusted with the task of setting up a bad bank, has put a preliminary board for NARCL in place. The company has hired P M Nair, a stressed assets expert from SBI, as the managing director.

published on : 22nd August 2021

Anil Ambani's R-Naval receives 3 bids

R-Naval has a debt of Rs 11,000 crore and the banks have already provided for 100 per cent of the debt, for the last 8 years.

published on : 17th August 2021