National Asset Reconstruction Co Ltd (NARCL)
Financial ServicesView the employees at
National Asset Reconstruction Co Ltd (NARCL)-
Hitesh Mundhra Experienced Restructuring & Turnaround Expert | Debt Resolution Specialist | Corporate Advisory Maven
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Mumbai, Maharashtra, India
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Rising Star
Mukesh Agarwal, CFA Investment Professional, Distress Investments, Financial Turnaround-
Rising Star
Arindam Biswas Chief Operating Officer-
Mumbai, Maharashtra, India
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Top 5%
Kapil Soni Company Secretary at National Asset Reconstruction Limited-
Saraswati Vihar, Delhi, India
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Rising Star
Overview
The Hon’ble Finance Minister, in the Union Budget 2021 announced the formation of an ARC-AMC structure, comprising of two entities viz. National Asset Reconstruction Company Limited (NARCL), and India Debt Resolution Company Limited (IDRCL) for aggregation and resolution of Non-Performing Assets (NPAs) in the Banking Industry. NARCL a government entity, has been incorporated on 7th July 2021 with majority stake held by Public Sector Banks and balance by private banks with Canara Bank being the sponsor bank. It is registered with the Reserve Bank of India as an Asset Reconstruction Company under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
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