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