Banks transfer Jaypee Infratech's ₹9,234-crore debt to NARCL - Business News: Latest News & Videos about market and economy | Trendmergers

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Banks transfer Jaypee Infratech's ₹9,234-crore debt to NARCL

IDBI Bank CEO Rakesh Sharma confirmed the transfer without naming the account. IDBI Bank is the lead lender in the account with dues of ₹3,750 crore. Sharma said the transfer to NARCL will reduce the bank's gross non-performing assets by 2.2 percentage points.

from Industry-Economic Times
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