20% of NPAs set for bad bank resolved1 min read . Updated: 13 May 2022, 11:02 PM IST
- Under the new structure approved by the regulator, the bad bank, NARCL will acquire and aggregate the bad loan accounts from banks, while IDRCL will handle the resolution process under an exclusive arrangement
MUMBAI : About 20% of the non-performing assets (NPAs) of banks that were to be transferred to National Asset Reconstruction Co. Ltd (NARCL) in two tranches has been resolved, said a person aware of the development. “Almost ₹40,000 crore of bad loans have been resolved since the annou-ncement was first made, and by the time the NARCL starts operating more NPAs may get resolved," he said seeking anonymity.
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