India’s ‘Bad Bank’ Takes Shape
BusinessToday.In
- Updated Sep 17, 2021 6:03 PM IST
In a major relief to PSU banks, government has given sovereign guarantee to NARCL or the ‘bad bank’. The new entity will ultimately absorb bad loans of ₹2 lakh crore. Nearly ₹90,000 cr in bad loans will be transferred to NARCL in the first phase. All bad loans will have to be resolved in 5 years. Watch the video for more