Bank of Baroda, Canara Bank announce subscription to IDRCL shares

IDRCL is an asset management company set up by the government with an authorized capital of Rs 50 crore. It will work in tandem with the National Asset Reconstruction Company Ltd (NARCL) to clean up the banking sector's bad loans. IDRCL will provide management and resolution of assets acquired by NARCL.

from Banking/Finance-Industry-Economic Times https://ift.tt/SUHe0gP