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Reserve Bank of India grants licence to NARCL under Sarfaesi Act

The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in the bad bank

Topics
RBI | Sarfaesi Act | Stressed assets

Nikunj Ohri  |  New Delhi 



RBI, reserve bank of india
Reserve Bank of India

The (RBI) has granted the National Asset Reconstruction Company (NARCL), which is seeking to turn around bad loans worth Rs 2 trillion, the licence to register as an asset reconstruction company (ARC).

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First Published: Mon, October 04 2021. 22:09 IST

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