Friday, December 2, 2022
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Bad bank

Press conference: Sitharaman announces Rs 30,600-cr guarantee for ‘bad bank’ NARCL

The Union Cabinet has approved a proposal to provide Rs 30,600 crore guarantee for security receipts issued by NARCL, said the Finance Minister at a press conference

We are ‘very close’ for the bad bank to be a reality, said SBI MD

State Bank of India Managing Director Swaminathan J has confidently said that the bad bank is going to be a smoother affair in terms of all the banks deciding together to transfer the entire asset, however experts say that the ongoing surge of COVID-19 will add to creation of more NPAs 

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