New Bad Bank in India: Vital Step to Wipe Off NPAs
On 15th September, 2021, Union Cabinet approved the central government guarantee of up to Rs 30,600 crore to back security receipts to be issued by the National Asset Reconstruction Company Limited (NARCL), also known as the Bad Bank.
Need for Bad Bank
- In RBI’s asset quality review (AQR), it was found that several banks showing a healthy balance sheet but have suppressed or hidden bad loans.
- Within the bank groups, public sector banks' (PSBs) GNPA ratio is 9.54 percent in March 2021.
- From the taxpayer’s perspective, the most worrisome fact was that an overwhelming proportion of NPAs was with the PSBs, ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Samarth Incubation Program
- 2 Centre Notifies Revised Criteria for Classifying MSMEs
- 3 PAC Flags Issues Faced by MSMEs under GST
- 4 Electronics Component Manufacturing Scheme
- 5 Energy Statistics India 2025
- 6 10 Years of Sagarmala Programme: Powering India’s Maritime Revolution
- 7 Changing Dynamics of India’s Remittances
- 8 Components of Gold Monetisation Scheme Discontinued
- 9 ICRA Report on Indian Municipal Bond Market
- 10 Pashu Aushadhi Initiative
- 1 Digital Agriculture
- 2 Account Aggregator Network- A Financial Data-Sharing System
- 3 Telecom Industry Revival Package
- 4 PLI Scheme for Indian Textile Sector
- 5 PLI Scheme for Automobile & Auto Components
- 6 SEBI introduces T+1 Settlement System
- 7 India’s First Indigenous High Ash Coal Gasification Plant
- 8 Centre Revises Transport and Marketing Assistance Scheme
- 9 India’s first-ever Euro Green Bond
- 10 GI Tag for Various Products
