Categories: Banking

Banks to transfer 15 NPA accounts worth Rs 50,000 crores to NARCL in FY22

As per SBI Chairman Dinesh Kumar Khara, National Asset Reconstruction Company Ltd (NARCL) or bad bank and IndiaDebt Resolution Company Ltd (IDRCL) are ready to commence operations. A total of 38 Non-Performing Asset (NPA) accounts worth Rs 82,845 crore have been identified to be transferred to NARCL initially.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

In Phase I, 15 stressed assets (i.e. Non-Performing Asset accounts) worth Rs 50,000 crore will be transferred to NARCL in the current financial year. Public Sector Banks have taken a majority stake in NARCL, IDRCL will be majorly owned by private sector banks.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

India Launches Arunachal Kiwi Mission with Focus on Exports, Cold Storage, and Branding

Central government has launched the Mission on 'Arunachal Kiwi: The USP of Arunachal Pradesh' with…

11 minutes ago

Military Exercise PRAGATI 2026 Kicks Off in Meghalaya with Forces from 12 Nations

India has launched the multilateral military exercise PRAGATI 2026 at the Umroi Military Station in…

41 minutes ago

Anti-Terrorism Day 2026: Why India Observes May 21 and Its Message Against Violence

On 21st May, 2026 every year Anti-Terrorism Day is observed across the India. This day…

1 hour ago

India Celebrates World Metrology Day with Major Push for Digital Compliance and Precision Standards

India has celebrated the World Metrology Day 2026 with the strong focus on to modernizing…

1 hour ago

New Delhi Hosts 68th APO Governing Body Meeting with Asia-Pacific Delegates

India hosts the 68th Session of the Asian Productivity Organization (APO) Governing Body from the…

2 hours ago

India Takes Over Chairmanship of Regional Cooperative Agreement (RCA) for 2026 Under IAEA

India has officially assumed the chairmanship of the Regional Cooperative Agreement (RCA) for the year…

3 hours ago