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Earlier, Moneycontrol had reported that a total of five names have been shortlisted after the interview for the CEO post and these names are now under the scrutiny of the RBI
A total of five names have been shortlisted after the interview. These names are now under the scrutiny of the RBI as the term of the existing CEO Shivan JK is set to end on January 29, 2024.
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NARCL to further Govt’s agenda of disinvestment of IDBI Bank, privatisation of PSBs May 12, 2021 Once chunky stressed assets are out of the books, banks’ valuation will improve The National Asset Reconstruction Company Ltd (NARCL), currently being put together by banks and other lenders, may structurally alter the balance-sheets of banks in such a way that it will further the Government’s agenda of divesting its stake in IDBI Bank and privatising two public sector banks (PSBs). Once chunky stressed assets are out of the books, the valuation of these banks will improve, making them mor...
Padmakumar Nair to take charge of NARCL May 11, 2021 State Bank of India’s Padmakumar Madhavan Nair is set to take charge as the chief of the National Asset Reconstruction Company Ltd (NARCL), which is being set up by banks, especially from the public sector, to tackle stressed assets. Nair is currently Chief General Manager with SBI’s Stressed Assets Resolution Group. The Indian Banks’ Association (IBA) is spearheading the formation of NARCL in consultation with the Finance Ministry and the Reserve Bank of India. Stressed assets with principal outstanding of ₹500 crore and above, a...