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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's chairman Karnam Sekar resigns after proposal to merge with IDRCL

The bad bank, officially known as National Asset Reconstruction Company of India (NARCL), was set up a year ago to acquire the sticky loans of high-street banks. There was a proposal to merge NARCL with India Debt Resolution Company Ltd (IDRCL), which led to Sekar s resignation.

Karnam sekarDiwakar guptaIndia debt resolution company ltdNational asset reconstruction company of indiaNational asset reconstruction companyState bankReserve bankBad bankState bank of india

Bad Bank Chairman Karnam Sekar reportedly quit over proposals to merge with IDRCL

NARCL chairman Karnam Sekar has resigned over differences on structure and functioning; proposal to merge with IDRCL.

Diwakar guptaKarnam sekarEconomic timesState bankFinance ministryBad bankBad bank chairmanBad bank chairman karnam sekar

Bad Bank Chairman Karnam Sekar Reportedly Quit Over Proposals To Merge With IDRCL

The proposal for the consolidation of the two entities was initially put forth by IDRCL, which is led by former State Bank of India Managing Director Diwakar Gupta, , bad bank, ceo, Karnam Sekar, resignation

Karnam sekarDiwakar guptaIndia debt resolution company ltdBad bankNational asset reconstruction company of indiaNational asset reconstruction companyManaging directorState bankIndia managing director diwakarFinance ministryBad bankKarnam sekar

Bad Bank's chairman Karnam Sekar resigns after proposal to merge with IDRCL

The bad bank, officially known as National Asset Reconstruction Company of India (NARCL), was set up a year ago to acquire the sticky loans of high-street banks. There was a proposal to merge NARCL with India Debt Resolution Company Ltd (IDRCL), which led to Sekar s resignation.

Karnam sekarDiwakar guptaIndia debt resolution company ltdNational asset reconstruction company of indiaNational asset reconstruction companyState bankReserve bankBad bankState bank of india

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