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What is NARCL, who has set it up? Finance Ministry answers this and many more questions on 'Bad Bank'

What is NARCL, who has set it up? Finance Ministry answers this and many more questions on 'Bad Bank'

Sep 17, 2021, at 12:41 am

New Delhi/IBNS: Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet on Wednesday.

Union Cabinet approves Rs 30,600 cr for 'Bad Bank'

Union Cabinet approves Rs 30,600 cr for 'Bad Bank'

Sep 17, 2021, at 12:26 am

New Delhi/IBNS: Finance Minister Nirmala Sitharaman today said the Union Cabinet has approved a government guarantee of Rs 30,600 crore for securities receipts issued by the National Asset Reconstruction Company (NARCL) or 'Bad Bank'.

Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'

Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'

May 12, 2020, at 11:01 pm

Mumbai/IBNS: Indian Banks Association (IBA) has sent a proposal to set up a 'Bad Bank' to the Finance Ministry and the Reserve Bank of India (RBI), said a CNBC-TV18 report. A Bad Bank is named so as it houses all bad loans or non-performing assets.