First phase: Rs 89k-crore loans to be moved to NARCL

The chairman of Indian Banks’ Association (IBA), Rajkiran Rai G, said banks have identified accounts which can go to the ARC in the first phase and have arrived at this number. “However, once the ARC is formed, the management will look at these assets and only if they find that it is worthwhile, they will make an offer,” Rai said.

from Banking & Finance – The Financial Express https://ift.tt/3w2e2VI