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NARCL News

11 Mar 2022

IDBI Bank to invest over Rs 272 crores in bad bank NARCL

The bank's final holding in NARCL and IDRCL will be 5 per cent and 9 per cent, respectively. The bank said it will invest cash of Rs 137.50 crore to acquire 5 per cent equity stake and Rs 135 crore to invest in the NCDs of NARCL. Besides, Rs 4.50 crore will be invested in tranches to acquire 9 per cent equity capital of IDRCL.

State Bank of India

28 Jan 2022

SBI gets approvals for setting up 'bad bank': All you need to know

Finance Minister Nirmala Sitharaman had announced the setting up of a `bad bank` in her Budget speech last year. A bad bank is a corporate firm that is set up to absorb the illiquid and risky assets held by banks. As of now, a total of 38 accounts aggregating Rs 82,845 crore have been identified for transfer to NARCL.

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