India, Jan. 28 -- The Government of India has issued a release:
Shri M. Nagaraju, Secretary, Department of Financial Services, M/o Finance chaired a meeting with National Asset Reconstruction Company Limited (NARCL) along with participation from all public sector banks. This is the first meeting of Q4 focussing on aspirations for the quarter ahead and discussion on performance for Q3.
During the course of the meeting, it was reported that the number of accounts acquired by NARCL has increased from 29 to 30, taking the tally of acquired aggregate debt exposure to Rs 1.63 lakh crore (approx.). Pipeline of accounts was identified which may take the tally of acquisition close to Rs 2 lakh crore (target envisaged for NARCL).
On the resolution...