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NARCL may prompt existing ARCs to reorient their business: ARCIL Chief

June 30, 2021 Pallav Mohapatra, MD & CEO, Asset Reconstruction Company (India) Ltd× He emphasises there s a huge business opportunity to buy stressed assets.   The National Asset Reconstruction Company Ltd, (NARCL), which is slated to become the mother of all Asset Reconstruction Companies (ARCs), will prompt existing ARCs to change their business orientation and start focussing on buying the stressed retail and MSME assets, according to Pallav Mohapatra, MD & CEO, Asset Reconstruction Company (India) Ltd (ARCIL). He emphasised that ARCs have a huge business opportunity to buy stressed assets aggregating about ₹1 lakh crore in the retail and micro, small and medium enterprise (MSME) segments.

New bad bank expected to be launched in July

New bad bank expected to be launched in July Lenders have so far reviewed 101 non-performing assets (NPAs) in the first phase and now plan to transfer 22 accounts amounting to roughly Rs 89,000 crore to the bad bank. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  The new bad bank is likely to be launched later this week with all the regulatory approvals in place. According to sources aware of the development, the Indian Banks Association (IBA) has already filed an application with the Registrar of Companies at the Ministry of Corporate Affairs to incorporate the National Asset Reconstruction Company Ltd and its debt management company.

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