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Banks recovered Rs 10 lakh crore in last nine financial years

Indian scheduled commercial banks have recovered around Rs 10 lakh crore from non-performing assets (NPAs) in the last nine financial years, according to the country s finance ministry. Minister of State for Finance Bhagwat Karad added that the Insolvency and Bankruptcy Code, 2016 and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 have helped change the credit culture.

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National Asset Reconstruction Company to acquire stressed assets of about Rs 2 lakh crore in phases

National Asset Reconstruction Company to acquire stressed assets of about Rs 2 lakh crore in phases
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New delhiUnion ministry of finance onUnion cabinetAsset reconstruction companyBanking financial companies nbfcsUnion budgetNational asset reconstruction company limitedIndia debt resolution company ltdCentral governmentSecurity receiptsCompanies actReserve bankPublic financial institutesIndia debt resolution companyFinance ministryBankruptcy code

Bank NPAs: Govt to Set Up National ARC and India Debt Resolution Co

Bank NPAs: Govt to Set Up National ARC and India Debt Resolution Co
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

Nirmala sitharamanNational asset reconstruction co ltdIndia debt resolution co ltdReserve bankBankruptcy codeFinancial assetsSecurities interestDebt recovery tribunalsStressed asset management verticalsFinance ministerஇருப்பு வங்கிதிவால்நிலை குறியீடுநிதி சொத்துக்கள்பத்திரங்கள் ஆர்வம்கடன் மீட்பு தீர்ப்பாயங்கள்வலியுறுத்தப்பட்டது சொத்து மேலாண்மை செங்குத்துகள்

NARCL to acquire stressed assets in phases

NARCL to acquire stressed assets in phases
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NARCL to acquire stressed assets in phases

NARCL to acquire stressed assets in phases
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