NARCL said it recovered ₹4,364 crore in FY26, nearing its acquisition target after a strong 2025-26 run. At the same time, officials flagged a rise in digital financial frauds and zeroed in on cyber criminals operating through mule accounts. Plans include tighter bank-agency coordination, real-time intelligence sharing, and quicker response to disrupt fraud pipelines.
Private asset reconstruction companies are steadily losing market share, with their total AUM projected to dip 4%–6% to about INR 1.05 lakh crore this fiscal after a 15% fall last year. Meanwhile, government-backed NARCL is emerging as the preferred buyer and resolver of stressed assets, reshaping who gets the most bad-loan business.
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