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SBI gets requisite approvals for setting up bad bank

The approvals required for setting up National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL), including from the RBI, have now been received, lending major SBI said on Friday.Accordingly, both the companies are ready to commence their business.In her Budget speech last year, Finance Minister Nirmala Sitharaman had announced the setting up of […]

All approvals granted for setting up Bad Bank : SBI Chairman

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.

All approvals granted for setting up Bad Bank : SBI Chairman

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