India Debt Resolution Company Ltd

SBI, PNB, BoB, UBI, Canara Bank and BoM acquires stake in IDRCL

State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB), Union Bank of India (UBI), Canara Bank, and Bank of Maharashtra (BoM) have announced subscription to the shares of India Debt Resolution Company Ltd (IDRCL). PSBs and public Financial Institutions (FIs) will hold a maximum of 49 % stake in IDRCL and […]

Government sets up India Debt Resolution Company Ltd (IDRCL) for managing bad loans

The government has set up the India Debt Resolution Company Ltd (IDRCL), an asset management company (AMC) that will work in tandem with the National Asset Reconstruction Company Ltd (NARCL) to clean up bad loans, according to documents available with the Registrar of Companies (RoC). Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of

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