November 23, 2024 01:38 (IST)
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'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma

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

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

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

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

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'

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'

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'.