Discover and read the best of Twitter Threads about #NARCL
Most recents (1)
Putting up a thread on National Asset Reconstruction Company (#NARCL) aka #badbank . Why government is setting this up? How effective this could be to tackle the issue of much rising #NPAs. Tried to simplify as much as I could. Please do retweet for wider outreach.
1/n
Story starts with NPA-Non-Performing Assets. A bad loan is a NPA for which EMI or interest hasn't been paid for 90 or more days after the due date.PSU banks usually give loans without even doing the background check-without checking credit history.
Story starts with NPA-Non-Performing Assets. A bad loan is a NPA for which EMI or interest hasn't been paid for 90 or more days after the due date.PSU banks usually give loans without even doing the background check-without checking credit history.
2/n
Pvt. banks on the other hand are bit conservative about lending money. So, their NPAs are less compared to PSU banks. PSU banks have liberal credit policies and loose terms and conditions of loans. So, NPAs become higher.
Pvt. banks on the other hand are bit conservative about lending money. So, their NPAs are less compared to PSU banks. PSU banks have liberal credit policies and loose terms and conditions of loans. So, NPAs become higher.
