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Subscription to the shares of IDRCL
February 22 , 2022
1009 days
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- State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), Union Bank of India (UBI), Canara Bank, and Bank of Maharashtra (BoM) have announced their subscription to the shares of India Debt Resolution Company Ltd (IDRCL).
- Public Sector Banks (PSBs) and Public FIs will hold a maximum of 49% in stake of IDRCL.
- The remaining stake will be with private-sector lenders.
- The NARCL has been incorporated under the Companies Act.
- The public sector banks will hold 51 percent in NARCL.
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