“Bad Bank” In India by June 30

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Image Source: FormalAS Blog

According to tye report of CNBC-TV18, The Narendra Modi government is panning to setup a ‘Bad Bank’ structure by June 30. The plan is to set up the National Asset Reconstruction Company Ltd(NARCL) along with the India Debt Management Company, which will handle the operational details of the assets. After its establishment the actual transfer of NPAs from the bank to the NARCL will be possible. The cost of this scheme is estimated to be around ₹ 30,000 crore to ₹ 31,000 crore.

Kunal Kushwaha is the Founder of Surkhiyaa. He is an aspiring journalist who looks forward to provide unbiased and precise information. He strives to create Surkhiyaa as a platform that acknowledges core journalistic ethics. Kunal Kushwaha can be reached out kkunal.kushwaha.17@gmail.com

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