Wednesday, May 12, 2021
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National Asset Reconstruction Company to be operational next month: IBA CEO

National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in the Budget 2021-22, is expected to be operational in June. Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution. The new entity is being created in

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Making assessment of true state of NPAs in banks: Shaktikanta Das

MUMBAI: The Reserve Bank of India (RBI) has deepened its supervision and is making an assessment of the true state of non-performing assets (NPA) in all banks, its Governor Shaktikanta Das on Friday. As part of its regular supervision, the RBI does an independent assessment to get clear pictures of

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RBI rejects Muthoot Finance’s proposal to acquire IDBI Asset Management Company

KOLKATA: The Reserve Bank of India has rejected non-bank lender Muthoot Finance's proposal to acquire IDBI Asset Management Company on the ground of synergy - or the obvious lack of it. "The activity of sponsoring a mutual fund or owning an asset management company is not in consonance with the

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