FM Nirmala Sitharaman asks PSBs to make 'concerted' efforts for special deposit drives

Aug 20, 2024, at 05:28 pm

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Monday (August 19) called for a collaborative approach between banks, the government, regulators, and security agencies, amid rising cyber threats.

CCI approves SREI Infra Finance's acquisition by NARCL, IDRCL

Apr 08, 2023, at 04:42 am

New Delhi: The Competition Commission of India (CCI) announced on Thursday that it has given the green light for National Asset Reconstruction Company Ltd (NARCL) and India Debt Resolution Company Ltd (IDRCL) to acquire SREI Infrastructure Finance.

NARCL wins bids for two Srei companies undergoing insolvency

Feb 16, 2023, at 07:55 am

Mumbai/IBNS: National Asset Reconstruction Company Ltd (NARCL) has won the bid for Srei group's two companies—Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd, media reports said.

Natarajan Sundar joins NARCL as MD CEO and Karnam Sekar and Malvika Sinha as Independent Directors

May 31, 2022, at 11:36 pm

New Delhi: National Assets Reconstruction Company Ltd (NARCL), the special purpose vehicle set up as a joint initiative of Public and Private Sector Banks onboarded Natarajan Sundar as its MD CEO on May 30, 2022, according to an official release.

What is NARCL, who has set it up? Finance Ministry answers this and many more questions on 'Bad Bank'

Sep 17, 2021, at 12:41 am

New Delhi/IBNS: Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet on Wednesday.

Union Cabinet approves Rs 30,600 cr for 'Bad Bank'

Sep 17, 2021, at 12:26 am

New Delhi/IBNS: Finance Minister Nirmala Sitharaman today said the Union Cabinet has approved a government guarantee of Rs 30,600 crore for securities receipts issued by the National Asset Reconstruction Company (NARCL) or 'Bad Bank'.