Top headlines: Sebi eases delisting norms, NARCL eyes Rs 64,000 cr recovery

S&P sees indications of strong rebound in Indian economy after Q1. Jewellers sell Rs 100 gold online as Indians take to internet buys in Covid. More in top headlines of the day

The National Asset Reconstruction Company expects to recover upto Rs 64,000 crore via resolution of bad loans. Market regulator Sebi on Tuesday cleared proposals that helps in easing delisting norms.

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NARCL expects to recover up to Rs 64,000 cr through resolution of bad loans

The newly formed National Asset Reconstruction Company (NARCL) expects to recover between Rs 50,000 crore and Rs 64,000 crore through the resolution of bad loans amounting to Rs 2 trillion. The most likely recovery has been pegged at 28 per cent or Rs