• otv

Tag: Narcl

Nirmala Sitharaman
Govt approves Rs 30,600 cr sovereign guarantee to operationalise bad bank

Centre on Thursday approved to provide Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL)

IBA Seeks Licence From RBI To Set Up Rs 6,000-Cr NARCL; Approval Likely In Few Weeks
IBA Seeks Licence From RBI To Set Up Rs 6,000-Cr NARCL; Approval Likely In Few Weeks

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 State Bank of India (SBI), as the managing director.