50,000 cr of NPAS may be transferred to NARCL in FY22
Business Standard|January 29, 2022
In all, 38 accounts worth 783Kcr identified: SBI chief
ABHIJIT LELE & SUBRATA PANDA
50,000 cr of NPAS may be transferred to NARCL in FY22

Lenders are set to transfer 15 large-ticket stressed accounts worth 50,000 crore to the National Asset Reconstruction Company Limited (NARCL) in the first tranche by the end of the current financial year. Overall, 38 such accounts totalling 83,000 crore have been identified for transfer to the bad bank, Dinesh Kumar Khara, chairman, State Bank of India (SBI), said on Friday.

This story is from the January 29, 2022 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the January 29, 2022 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Mr Dependable: Why Indigo is Rahul Dravid of aviation
Business Standard

Mr Dependable: Why Indigo is Rahul Dravid of aviation

Analysts turn bullish as stock soars 83% in past year

time-read
3 mins  |
May 08, 2024
Business Standard

Prospects and valuation, not past returns, should be your guide

Sector and thematic funds attracted ₹46,137 crore in 2023-24, the largest inflow across all fund categories, according to data from the Association of Mutual Funds in India (Amfi).

time-read
3 mins  |
May 08, 2024
Business Standard

Sebi cracks whip on employee misconduct

The Securities and Exchange Board of India (Sebi) has come out with stringent measures to deal with misconduct and corrupt practices by its staffers.

time-read
1 min  |
May 08, 2024
Business Standard

Volume recovery crucial for Marico's growth in FY25, stock gains

Marico's January-March quarter (Q4) results were slightly better than consensus.

time-read
2 mins  |
May 08, 2024
Fear factor: India Vix surges to 15-mth high
Business Standard

Fear factor: India Vix surges to 15-mth high

Uncertainty over election results, US Fed rate cut fan volatility

time-read
2 mins  |
May 08, 2024
Heavyweights drag down markets
Business Standard

Heavyweights drag down markets

Midcap, smallcap indices log biggest fall in nearly two months

time-read
2 mins  |
May 08, 2024
Business Standard

Celebrities liable for products in misleading ads: SC

Social media influencers and celebrities now find themselves in the thick of the Supreme Court's lens as the court on Tuesday said that they'll share equal responsibility for endorsing products or services in misleading advertisements.

time-read
1 min  |
May 08, 2024
59% rise in 'ghost' shopping mart
Business Standard

59% rise in 'ghost' shopping mart

Almost ₹6,700 cr 'trapped' in gross leasable space of such shopping centres in 2023: Report

time-read
1 min  |
May 08, 2024
Rising repatriation
Business Standard

Rising repatriation

As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment

time-read
5 mins  |
May 08, 2024
Business Standard

Making family businesses last

Few family-owned firms anywhere in the world last beyond three generations.

time-read
3 mins  |
May 08, 2024