Wednesday, January 11, 2023

NARCL gets ₹ 15,300-crore blanket guarantee to tackle bad loans

The approval means commercial banks can now fall back on government guarantees, which will back stop security receipts (SRs) to be issued by the bad loan aggregator while taking over doubtful debt.

from Banking/Finance-Industry-Economic Times https://ift.tt/owJubEz

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