Lenders offer to sell their Reliance Naval loans to NARCL

The National Asset Reconstruction Co (NARCL), is in the process of giving a binding offer to the lenders, one of the persons cited above said. "Considering the judicial delay in getting a plan approved, lenders have approached NARCL to acquire the loans of the shipbuilding company," said an executive at one of the lenders. "If NARCL acquires it, banks will receive 15% of the consideration upfront."

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kX495ZU
via IFTTT

Comments

Post a Comment

Popular posts from this blog

India's Paytm Payments Bank granted status upgrade

Image
Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over 52 billion Indian rupees ($688.5 million) deposits, including savings accounts, current accounts and fixed deposits with partner banks at the end of March this year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3pJr1JN via IFTTT
Read more