Secretary DFS reviews performance of National NARCL

M. Nagaraju, Secretary, Department of Financial Services, M/o Finance chaired a meeting with National Asset Reconstruction Company Limited (NARCL) along with participation from all public sector banks. This is the first meeting of Q4 focussing on aspirations for the quarter ahead and discussion on performance for Q3.

During the course of the meeting, it was reported that the number of accounts acquired by NARCL has increased from 29 to 30, taking the tally of acquired aggregate debt exposure to Rs 1.63 lakh crore (approx.). Pipeline of accounts was identified which may take the tally of acquisition close to Rs 2 lakh crore (target envisaged for NARCL).

On the resolution front, it was reported that there is a net increase in recovery of Rs 1,439 crore approximately since last quarter review dated 8.10.2025. Total recovery now stands at Rs 5,496 crore with SR (security receipt) redemption of Rs 4,803 crore. It was apprised during the meeting that NARCL has successfully redeemed 100 % SRs in 3 accounts with upside distributed to lenders.(UPDATED ON 28TH JANUARY 2026)