Central Government guarantee of Rs.30,600 crore to back Security Receipts issued by NARCL for acquiring stressed loan assets was approved by Cabinet yesterday.
The following FAQs explain various aspects regarding the same.
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pib.gov.in/PressReleasePa…
What is National Asset Reconstruction Company Limited (NARCL)? Who has set it up?👇
What is India Debt Resolution Company Ltd. (IDRCL)? Who has set it up? 👇
Why is NARCL-IDRCL type structure needed when there are 28 existing ARCs? 👇
Why is a Government Guarantee needed?👇
How will NARCL and IDRCL work? 👇
What benefit do banks get from this new structure?👇
Why is it being set up now?👇
Is the guarantee likely to be invoked?👇
How will Government ensure faster and timely resolution?👇
What will be the capital structure of NARCL and how much will Government contribute?👇
What will be NARCL’s strategy for resolution of stressed assets?👇
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