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PNB to pick stake in NARCL, plans to transfer Rs 8,000 cr NPAs

Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution.

Societe generaleSs mallikarjuna raoVijay kingfisher airlinesNational asset reconstruction company ltdState bankDirectorss mallikarjuna raoQualified institutional placementMoney laundering actVijay mallya promoted kingfisher airlinesEnforcement directorateKingfisher airlinesPunjab national bankசமூகம் ஜெநர்யால்ஸ் மல்லிகார்ஜுனா ராவ்விஜய் கிஂக்‌ஃபிஶர் விமான நிறுவனங்கள்தேசிய சொத்து புனரமைப்பு நிறுவனம் லிமிடெட்

PNB to pick stake in NARCL, looks to transfer Rs 8,000 cr NPAs

NARCL is being formed by all the banks whereupon some of the NPA advances will be transferred to that ARC for recovery.NARCL is constituted to be promoted by 51 per cent share from the public sector space. said PNB Managing Director S S Mallikarjuna Rao

Societe generaleSs mallikarjuna raoVijay kingfisher airlinesPunjab national bankNational asset reconstruction company ltdKingfisher airlinesState bankDirectorss mallikarjuna raoQualified institutional placementMoney laundering actVijay mallya promoted kingfisher airlinesAlso readMnb newsPunjab national bank newsNb narclArcl news

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