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As Bad Bank Takes Shape, Government Seen Playing Only A Small Role
The government is mulling providing only a 20% credit loss guarantee for loans sold to the bad bank.
06 May 2021, 07:53 AM IST
The National Asset Reconstruction Company Ltd, contours of which are still being discussed, is likely to see limited support from the government. The bad bank-like structure was announced in the Union Budget, with the government saying that it would provide a “guarantee” to the entity.Details of the proposal are only now being fleshed out.According to three people in the know, the central government is likely to provide only a 20% cr...
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