WHAT?

India Debt Resolution Company Limited (IDRCL) is a public limited Indian non-government company co-created under the pioneering initiative of the Government of India along with NARCL. Click here to know about NARCL

Features

1. India Debt Resolution Company Limited (IDRCL) is a service company or an operational entity that manages assets and engages market professionals and turnaround experts. 
2. It is mandated with the responsibility of unleashing potential value embedded in the large corporate distress assets (NPAs) of the Indian banking and financial system. 
3. IDRCL provides expert advisory to NARCL on underwriting the acquisition of large corporate NPAs of over Rs. 500 Crore and has the comprehensive responsibility of resolution of the assets under management and closely monitors them for the entire life cycle. 
4. The company was founded in 2021 and is headquartered in Mumbai, Maharashtra. It operates to achieve the best possible outcome for distressed accounts by blending the expertise of its professionals and engaging industry experts to optimize and facilitate successful revival and recovery.
5. IDRCL has 14 of India's largest private and public scheduled commercial banks as its shareholders. The company has impeccable governance standards under the guidance of an independent board.
6. What is the relation between NARCL and IDRCL? NARCL and IDRCL are two state-owned entities created by the Indian government to address the issue of non-performing assets (NPAs) in the banking sector. 
7. NARCL, or National Asset Reconstruction Company Ltd, is a bad bank that will acquire bad loans above a certain threshold from banks and sell them to investors. IDRCL, or India Debt Resolution Company Ltd, is an operational entity that will manage assets and loop in market professionals and turnaround experts. 
8. Once NARCL acquires the assets, IDRCL will be looped in for management and value addition. While NARCL is a bad bank, IDRCL is a service company that will focus solely on the resolution and recovery of NPAs.