NARCL's Focus on Rs 1.65 Trillion Stressed Debt: Insights from the Economic Survey
Monday, 22 July 2024, 09:19
NARCL's Acquisition Strategy
The National Asset Reconstruction Company Limited (NARCL) is actively pursuing distressed assets valued at Rs 1.65 trillion, as outlined in the latest Economic Survey.
Current Progress of Acquisitions
- Assets worth Rs 1.25 trillion are at different acquisition stages.
- Evaluations for assets amounting to Rs 40,000 crore are currently in progress.
This initiative represents a significant step in enhancing the recovery process within the banking sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.