National Asset Reconstruction Company

company

About

National Asset Reconstruction Company set up by banks to aggregate and consolidate stressed assets for their subsequent resolution.

Details

Last Funding Type
Corporate Round
Last Funding Money Raised
₹15B
Industries
Banking,Financial Services
Founded date
Jan 1, 2021
Operating Status
Active

NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL. NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹ 2 lakh crore. In phase I, fully provisioned assets of about Rs. 90,000 crores are expected to be transferred to NARCL, while the remaining assets with lower provisionswould be transferred in phase II

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
₹15B
National Asset Reconstruction Company has raised a total of ₹15B in funding over 2 rounds. Their latest funding was raised on Mar 25, 2022 from a Corporate Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 25, 2022 Corporate Round ₹15B 2 Detail

Investors

Number of Lead Investors
Number of Investors
2
National Asset Reconstruction Company is funded by 2 investors. ICICI Bank and Bank of Baroda are the most recent investors.
Investor Name Lead Investor Funding Round
ICICI Bank Corporate Round
Bank of Baroda Corporate Round