Banks transfer Jaypee Infratech's ₹9,234-crore debt to NARCL

IDBI Bank CEO Rakesh Sharma confirmed the transfer without naming the account. IDBI Bank is the lead lender in the account with dues of ₹3,750 crore. Sharma said the transfer to NARCL will reduce the bank's gross non-performing assets by 2.2 percentage points.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UzoCS6v
via IFTTT

Comments

Post a Comment

Popular posts from this blog

RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Coop Bank

The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. Depositors will receive deposit insurance claim amount up to Rs 5 lakh from DICGC. As on November 30, 2023, DICGC has already paid Rs 45.22 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PEzW9QB via IFTTT
Read more