Tuesday, April 18, 2023

PSU banks list assets for sale to NARCL after finance ministry nudge

Following a nudge from the finance ministry last fortnight, most government-owned banks identified companies they would prefer to sell to National Asset Reconstruction Company (NARCL), the people cited above said. NARCL will identify about 20-25 accounts from the list for acquisition this fiscal year.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/psu-banks-list-assets-for-sale-to-narcl-after-finance-ministry-nudge/articleshow/99594699.cms

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