December 10, 2023 07:34 (IST)
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Karnataka HC grants bail to accused in Gauri Lankesh case | RBI keeps repo rate unchanged at 6.5%, raises FY24 growth forecast to 7% | India's Aditya-L1 Mission captures first-ever full-disk image of Sun | RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh | Former Telangana CM KCR suffers hip injury

What is NARCL, who has set it up? Finance Ministry answers this and many more questions on 'Bad Bank'

New Delhi/IBNS: Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet on Wednesday.

Union Cabinet approves Rs 30,600 cr for 'Bad Bank'

New Delhi/IBNS: Finance Minister Nirmala Sitharaman today said the Union Cabinet has approved a government guarantee of Rs 30,600 crore for securities receipts issued by the National Asset Reconstruction Company (NARCL) or 'Bad Bank'.

Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'

Mumbai/IBNS: Indian Banks Association (IBA) has sent a proposal to set up a 'Bad Bank' to the Finance Ministry and the Reserve Bank of India (RBI), said a CNBC-TV18 report. A Bad Bank is named so as it houses all bad loans or non-performing assets.