Govt Paves Way For Bad Bank: What Is NARCL And How It Will Help The Lenders

Techi AI

September 20, 2021

The idea of “ bad bank” which was mooted by the Finance Minister Nirmala Sitharaman in the Union Budget of 2021-2022 is getting its lease of life.  The National Asset Reconstruction Company is the entity that has the task to make India’s banking sector, saddled with NPAs, healthy. FM Sitharaman on Thursday made it clear that the cabinet has approved the government’s guarantee up to Rs 30,600 for securities receipts.

Govt Paves Way for Bad Bank: What is NARCL and How it Will Help the Lenders

News18

September 17, 2021

The idea of “ bad bank” which was mooted by the Finance Minister Nirmala Sitharaman in the Union Budget of 2021-2022 is getting its lease of life.  The National Asset Reconstruction Company is the entity that has the task to make India’s banking sector, saddled with NPAs, healthy. FM Sitharaman on Thursday made it clear that the cabinet has approved the government’s guarantee up to Rs 30,600 for securities receipts.