National Asset Reconstruction Company (NARCL)

Banks Transfer Jaypee Infratech’s ₹9,234 Crore debt to NARCL

Lenders have transferred the entire Rs 9,234-crore Jaypee Infratech loan to newly constituted National Asset Reconstruction Company (NARCL). This is the maiden acquisition by the government-promoted bad loan bank that was set a year ago. Under the arrangement, the NARCL will...