Back to homepage

Tag "narcl"

SBI gets requisite approvals for setting up ‘bad bank’

SBI gets requisite approvals for setting up ‘bad bank’

🕔07:35, 29.Jan 2022

Mumbai, Jan 29 (IANS) The approvals required for setting up National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL), including from the RBI, have now been received, lending major SBI said on Friday. Accordingly, both the companies are ready

Read Full Article
Govt may offer pre-pack insolvency resolution plan even for large corporates

Govt may offer pre-pack insolvency resolution plan even for large corporates

🕔13:22, 21.Sep 2021

New Delhi, Sep 21  To quicken the pace of stressed asset resolution, the Centre may soon come up with a prepackaged insolvency framework under the Insolvency and Bankruptcy Code (IBC) for large corporates, similar to the one introduced for SMEs.

Read Full Article
Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

🕔19:22, 16.Sep 2021

New Delhi, Sep 16 (IANS) The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL). The government guarantee mechanism was approved by the Union cabinet

Read Full Article