NARCL plans to separate sustainable part of Simplex Infrastructures debt

NARCL had acquired the loan in cash and security receipts (SRs) for Rs 640 crore earlier this year. The state-backed bad bank had bought the debt from lenders at a 93% discount. The banks involved include PNB, State Bank of India, Canara Bank, Bank of Baroda, Bank of India, Union Bank of India, RBL, IDBI Bank and Standard Chartered Bank.