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NARCL rejigs boards of Srei twin companies after acquisition

The government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC, IDBI Bank and Srei BNP Paribas, as chief executive officer, said people with knowledge of the matter.

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Are bad banks a bad idea?

Apart from the resignations of two senior executives at NARCL, the bad bank has fallen short of expectations so far

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PSBs Advised To Monitor Top 20 Insolvency Cases, Says Financial Services Secretary

The Finance Ministry's Department of Financial Services held a review meeting with banks particularly public sector bank chiefs on Friday to review the progress of the 'bad bank' and the status of pending insolvency cases. The managing directors of banks have been instructed to monitor and review all their ongoing insolvency cases very closely, particularly the top 20 accounts at their level, Vivek Joshi, secretary, Department of Financial Services, told media after the meeting.

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Banks' reluctance to offload assets, other issues halt NARCL's progress

Banks' reluctance to offload assets, other issues halt NARCL's progress
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Karnam sekarAshish chhawchhariaSiddharth srivastavaAbizer diwanjiSudharshan kediaThornton bharatNational asset reconstruction coIndia debt resolution coKhaitan coGrant thornton

Bad bank relies on deposit interest in the first year of ops

NARCL’s expenses stood at ₹16.3 crore of which ₹12.6 crore was spent on legal and professional charges, and ₹24 lakh on advertisement

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