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Bad Bank News

First Set Of NPAs Likely, To Be Transferred To Bad Bank Next Month: FinMin

The finance ministry on Monday said the Rs 6,000-crore National Asset Reconstruction Company (NARCL) or bad bank is expected to take over the first set of non-performing accounts of banks next month. NARCL is a special purpose asset reconstruction company for ...

What Is A 'Bad Bank' And What Are Its Functionalities?

Indian banking sector is now highly occupied with the concept of 'bad bank', after FM Nirmala Sitharaman has finally announced that the union government is going to guarantee Rs. 30,600 crore in National Asset Reconstruction Company Ltd. (NARCL), or popularly known ...

Finance Minister Announces Details For Bad Bank, Govt To Back With Guarantee

Finance Minister today spelled out details of the bad bank, in which the government would guarantee Rs 30,600 crore in guarantees to National Asset Reconstruction Company Ltd to buy bad loans from banks. The NARCL will purchase bad loans from banks, ...

Cabinet Clears Proposal For Government Guarantee For Bad Bank

The Union Cabinet has cleared a proposal to provide Rs 30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans, Finance Minister Nirmala Sitharaman said on Thursday. The ...