Mumbai [India], January 28 (ANI): State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Friday all the required approvals to set up the National Asset Reconstruction Company or what is popularly called a 'bad bank' has been granted, including by the Reserve Bank of India.
Mumbai Sep 26 PTI Union Finance Minister Nirmala Sitharaman on Sunday said many districts in the country lack banking presence despite high level of economic activity taking place in those areas Addressing banking industry lobby grouping Indian Banks Association IBA Sitharaman asked lenders to augment efforts of deepening presence Giving the lenders the option to decide which place requires banking presence through a brick-and-mortar model and where a step-down presence would help Sitharaman made it clear that she is not against digitalisation and efforts She said the banks books are much cleaner now and this will help the government as the recapitalisation requirements go down The finance minister also said the upcoming National Asset Reconstruction Company should not be called a bad bank as it is called in the US Banks need to be nimble and understand every units need to achieve the USD 400 billion exports target she said PTI AA MKJ
New Delhi [India], September 16 (ANI): Union Cabinet approved the Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets on Wednesday.
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