National Asset Reconstruction Company may reshuffle accounts on first list

A total of 38 non-performing accounts, worth Rs 82,845 crore, were identified for transfer to NARCL in phases

National Asset Reconstruction Company (NARCL) may reshuffle its list of accounts for making binding offers because some of them may be nearing settlement or now have less visibility for resolution in a changing economic climate like price volatility.

While work related to the indicated amount (about Rs 50,000 crore) remains on course, five-six accounts being considered for the first list may not be eligible for transfer, public sector bank executives said.

The situation is changing, especially in the light of volatility in metals.

An asset reconstruction company bases its calculations on the current situation and the potential for recovery.

NARCL has picked up five