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Is NARCL the answer to the banking sector’s bad loans question?

India’s primary experience with asset reconstruction companies (ARCs) has not been great. Government guarantee, however, could be a game changer

September 20, 2021 / 01:47 PM IST
Is NARCL the answer to the banking sector’s bad loans question?

Finance Minister Nirmala Sitharaman

The government’s renewed effort at resolving the issue of stressed assets of public sector banks has started, with the Union cabinet clearing a proposal to provide government guarantees on security receipts of the ‘bad bank’.    In the Union Budget for 2021-22, the Government proposed setting up of AMC/ARC, popularly termed as a ‘bad bank’, to consolidate and take over stressed debt from banks. Accordingly, with the capital contributed by PSBs, National Asset Reconstruction Company (NARCL) was formed in July.   The finance minister on Thursday announced a...

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