Bad Banks Current Affairs, GK & News

RBI grants licence to NARCL

Reserve Bank of India (RBI) granted the licence to the Rs 6,000 crore National Asset Reconstruction Company Ltd. (NARCL). Key Facts This move will help in starting operations of the bad bank. NARCL was incorporated in Mumbai in July 2021 after registration with the Registrar of Companies (RoC). IBA has been entrusted with the task ..

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Cabinet approves decks for NARCL

Union Government has approved the decks for National Asset reconstruction Company Limited (NARCL) on September 16, 2021. Highlights This proposal requires the government to guarantee Security Receipts (SR) issued by NARCL, while buying non-performing assets (NPAs) from banks. This move will clear the path for launching NARCL. Who issue security receipts? Security Receipts (SR) are ..

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