• Deaf Leaders Foundation

Govt guarantee of up to ₹30,600 crore approved for 'bad bank': FM Sitharaman

Finance Minister Nirmala Sitharaman has announced that Cabinet approved a government guarantee of up to ₹30,600 crore for security receipts which will be issued by National Asset Reconstruction Company (NARCL). The receipts will be issued when NARCL or 'bad bank' takes over stressed assets from banks. Sitharaman had first announced the setting up of NARCL in her Budget 2021-22 speech.

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