National Asset Reconstruction Company

National Asset Reconstruction Company (NARCL) is India’s first bad bank set up by to aggregate and consolidate stressed assets. The PSBs maintain about half of its shares. It was set up to ensure quicker responses to resolve stressed assets and ensure better value realization. With this new approach, the bank personnel are given more leeway in increase their ability to raise market capital and improve the bank’s valuation.
The Union Cabinet approved a Rs.30,600 crore guarantee scheme for the securities to be issued by the National Asset Reconstruction Company. The bad bank is expected to take over and resolve NPAs worth Rs.2 lakh crore.

Comments

Leave a Reply