NARCL

Finance Minister Nirmala Sitharaman on Sunday, while addressing the 74th Annual General Meeting of the Indian Bank’s Association (IBA) in Mumbai said that the banks will derive benefits of a vibrant economy going forward, however, India…

Finance Minister Nirmala Sitharaman while addressing a press conference on Thursday announced that the Union Cabinet has approved the government’s guarantee for the National Asset Reconstruction Company. The idea of having a bad bank was…

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…

Will the new financial entity help to solve the problem of non-performing assets or bad loans? The story so far: The Union Cabinet on Wednesday approved a ₹30,600-crore backstop facility for guaranteeing securities to be issued by the…

NEW DELHI: The government on Thursday announced the setting up of the National Asset Reconstruction Company (NARCL), which will take over bad debt of nearly Rs 2 lakh crore from banks, and promised to provide backup guarantee of over Rs…

Image Source : PTI Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank…

New Delhi, September 16 Finance Minister Nirmala Sitharaman on Thursday announced a Rs 30,600 crore government guarantee for the National Asset Reconstruction Company Limited (NARCL) for…

The Indian Banks' Association (IBA) has moved an application to the Reserve Bank of India (RBI) seeking licence to set up a ₹6,000 crore National Asset Reconstruction Company Ltd (NARCL) or bad bank, according to sources. NARCL was…