Latest Breaking News On - Hsbc obc life - Page 1 : comparemela.com

PNB to transfer Rs 8,000 crore loans to bad bank SECTIONS Share Synopsis Proposed National Asset Reconstruction Company (NARCL) or bad bank is expected to be operational by next month. AFP Related State-run lender Punjab National Bank will transfer bad loans of Rs 8,000 crore to the proposed bad bank, said its chief SS Mallikarjuna Rao. The lender on Friday declared a standalone net profit of Rs 586.33 crore for the quarter ended March 31, 2020. National Asset Reconstruction Company or NARCL is expected to be operational by next month. “In the first tranche roughly Rs 8,000 crore of assets is identified by PNB,” said Rao, adding that bank will take equity participation in the bad bank but it will be less than 10%.

Mallikarjuna raoNational asset reconstruction companyAsset reconstruction company of india ltdAsset reconstruction companyCanara hsbc obc life insuranceBad bankPnb housing financeHsbc obc lifePunjab national bankமல்லிகார்ஜுனா ராவ்தேசிய சொத்து புனரமைப்பு நிறுவனம்சொத்து புனரமைப்பு நிறுவனம்மோசமான வங்கிப்ண்ப் வீட்டுவசதி நிதிபஞ்சாப் தேசிய வங்கி