Live Breaking News & Updates on Chief Rating Officer|Page 8
Stay updated with breaking news from Chief rating officer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NARCL to further Govt’s agenda of disinvestment of IDBI Bank, privatisation of PSBs May 12, 2021 Once chunky stressed assets are out of the books, banks’ valuation will improve The National Asset Reconstruction Company Ltd (NARCL), currently being put together by banks and other lenders, may structurally alter the balance-sheets of banks in such a way that it will further the Government’s agenda of divesting its stake in IDBI Bank and privatising two public sector banks (PSBs). Once chunky stressed assets are out of the books, the valuation of these banks will improve, making them more saleable, opine market experts. ....