NATIONAL ASSET RECONSTRUCTION COMPANY
NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL. NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹ 2 lakh crore. In phase I, fully provisioned assets of about Rs. 90,000 crores are expected to be transferred to NARCL, while the remaining assets with lower provisionswould be transferred in phase II
NATIONAL ASSET RECONSTRUCTION COMPANY
Industry:
Banking Financial Services
Founded:
2021-01-01
Status:
Active
Total Funding:
15 B INR
Investors List
Axis Bank
Axis Bank investment in Corporate Round - National Asset Reconstruction Company
Union Bank of India
Union Bank of India investment in Corporate Round - National Asset Reconstruction Company
HDFC Bank
HDFC Bank investment in Corporate Round - National Asset Reconstruction Company
State Bank of India
State Bank of India investment in Corporate Round - National Asset Reconstruction Company
IDBI Bank
IDBI Bank investment in Corporate Round - National Asset Reconstruction Company
Indian Bank Service
Indian Bank Service investment in Corporate Round - National Asset Reconstruction Company
Punjab National Bank
Punjab National Bank investment in Corporate Round - National Asset Reconstruction Company
ICICI Bank
ICICI Bank investment in Corporate Round - National Asset Reconstruction Company
Bank of Baroda
Bank of Baroda investment in Corporate Round - National Asset Reconstruction Company
More informations about "National Asset Reconstruction Company"
National Asset Reconstruction Company Ltd – NARCL
Jan 18, 2024 · The Hon’ble Finance Minister, in the Union Budget 2021 announced the formation of an ARC-AMC structure, comprising two entities viz. National Asset Reconstruction Company Limited (NARCL), and India Debt …See details»
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The Hon’ble Finance Minister, in the Union Budget 2021 announced the formation of an ARC-AMC structure, comprising of two entities viz. National Asset Reconstruction Company Limited (NARCL), and India Debt Resolution …See details»
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Sep 17, 2021 · The NARCL has been incorporated under the Companies Act and has applied to the Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL is basically a bad bank created by the government …See details»
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National Asset Reconstruction Co Ltd (NARCL) | LinkedIn
Start-up aspiring to be the largest asset resolution company globally. | The Hon’ble Finance Minister, in the Union Budget 2021 announced the formation of an ARC-AMC structure, …See details»
National Asset Reconstruction Company Ltd. (NARCL): - InsightsIAS
Jun 7, 2022 · The National Asset Reconstruction Company Ltd. (NARCL), set up to take over large bad loans of more than ₹500 crore from banks, will pick up the first set of such non …See details»
National Asset Reconstruction Company - Crunchbase
Mar 25, 2022 · National Asset Reconstruction Company set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. View contacts for National Asset …See details»
National Asset Reconstruction Company Limited (NARCL)
Jan 30, 2024 · Context: India’s Bad Bank, the National Asset Reconstruction Company Ltd (NARCL) heralded as the panacea for the nation’s burgeoning nonperforming asset (NPA) …See details»
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Sep 16, 2021 · The cabinet has cleared the formation of ‘National Asset Reconstruction Company Limited’ (NARCL) which will acquire “stressed assets” of about Rs. 2 Lakh crore in phases within RBI regulations in order to address …See details»
National Asset Reconstruction Company- Key Facts
Jul 13, 2021 · The National Asset Reconstruction Company (NARC) has finally become a legal entity registered with the Registrar of Companies (RoC) Mumbai. Key Points. NARC is also called as bad bank is finally here in India. It is …See details»
NARCL to start operations; Rs 50,000 cr of stressed assets to be ...
Jan 28, 2022 · The National Asset Reconstruction Company (NARCL) or bad bank has received all approvals to commence operations, and a total of 38 NPA accounts worth Rs 82,845 crore …See details»
RBI approves licence of National Asset Reconstruction Company
Oct 6, 2021 · The Reserve Bank of India (RBI) on October 4 gave licence to the ₹6,000 crore National Asset Reconstruction Company Ltd. (NARCL), a move that will help kickstart …See details»
NARCL signs documents for acquisition of two Srei firms, aims to …
Dec 8, 2023 · State-backed National Asset Reconstruction Company (NARCL) on Friday signed documents for acquisition of two insolvent Srei companies under the corporate insolvency …See details»
NARCL aims to acquire ₹2 trillion stressed assets by FY26: DFS
Aug 7, 2024 · New Delhi: The government-backed bad bank, National Asset Reconstruction Company Ltd (NARCL), aims to take over ₹ 2 trillion worth of banks’ stressed or non …See details»
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Sep 20, 2019 · Edelweiss Asset Reconstruction Company Ltd.-385/2019 | National Company Law Appellate Tribunal (NCLAT), National Company Law Appellate Tribunal (NCLAT) was …See details»
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Mar 25, 2022 · National Asset Reconstruction Company set up by banks to aggregate and consolidate stressed assets for their subsequent resolution.See details»
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