By Dr K Srinivasa Rao With the Reserve Bank of India granting licence to National Asset Reconstruction Company Ltd (NARCL), October 4 marks a historic development in the financial sector. NARCL is set up to declutter banks from part of the burden of non-performing assets (NPAs). Unlike the other existing private sector asset reconstruction companies […]
The new entity is being created in collaboration with both public and private sector banks, Indian Banks' Association Chief Executive Officer (CEO) Sunil Mehta
