National Asset Reconstruction Company is expected to function in June
Sun, May 9, 2021 5:16 PM

National Asset Reconstruction Company is expected to function in June

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National Asset Reconstruction Company Ltd (NARCL), is likely to commence working in June, coined for bad bank. Bad bank refers to a financial institution that undertakes bad assets of lenders and provides resolution. Indian Banks’ Association Chief Executive Officer (CEO) Sunil Mehta said, The new entity is being created in alliance with both public and private sector banks.

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