Cabinet may soon clear proposal for govt guarantee to bad bank

The proposed bad bank or NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts. The government guarantee would be invoked if there is loss against the threshold value.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3y6UtMK
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