Question
Banks to Transfer ____ NPA Accounts worth Over Rs 50,000
crore to NARCL in FY22 .Solution
The two arms of India’s bad bank – National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL) – have received all the requisite approvals, including from the Reserve Bank of India ( RBI ), State Bank of India ( SBI ). The banking sector will transfer 15 assets worth Rs 50,000 crore to NARCL in FY22, he said.
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