SBI likely to transfer Rs 20,000cr NPAs to National Asset Reconstruction Co
Fri, Jun 11, 2021 6:44 AM

SBI likely to transfer Rs 20,000cr NPAs to National Asset Reconstruction Co

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SBI has identified bad loans worth Rs 20,000cr that it plans to transfer to the National Asset Reconstruction Company (NARCL), sources close to the development told FE. These non-performing assets (NPAs) include Essar Power Gujarat, Coastal Energy and Reliance Naval. In all, banks have identified 22 stressed accounts worth around Rs 89,000 cr that they want to transfer to NARCL in phased manner.

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