PNB to transfer bad loans worth Rs 20,008 cr from 62 accounts to NARCL

NARCL has been set up by commercial banks to aggregate and consolidate stressed assets for their subsequent resolution

Punjab National Bank (PNB) has identified bad loans worth Rs 20,008 crore from 62 accounts to be transferred to the government-backed National Asset Reconstruction Company (NARCL) for resolution in a phased manner, Atul Kumar Goel, its managing director (MD), said on Wednesday. 
 
“We have identified nine accounts amounting to Rs 2,752 crore to be transferred to NARCL in the first phase. There will be 11 accounts in the second phase amounting to Rs 2,685 crore, and remaining in the third phase. We have already got offers from NARCL on five accounts where we have an outstanding amount of Rs