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Tag "National Asset Reconstruction Company"

Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

🕔19:22, 16.Sep 2021

New Delhi, Sep 16 (IANS) The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL). The government guarantee mechanism was approved by the Union cabinet

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