Banks may recover close to Rs 15,000 crore from Srei group resolution

Lenders may get nearly 45% of the admitted claim of Rs 32,750 crore from NARCL

Banks are likely to recover close to 45 per cent of their claims from the Srei group resolution after lenders voted to sell the company to the National Asset Reconstruction Company Ltd (NARCL). According to sources, the gross amount payable by NARCL is close to Rs 15,000 crore, as against the admitted claim of Rs 32,750 crore.

On Tuesday, NARCL — in which public sector banks have a majority stake — edged out Authum Investment and Arena-Varde to acquire Srei groups with 89 per cent of creditors voting for.

The total value of resolution involves upfront cash payout and deferred