In separate exchange filings, Axis Bank and HDFC Bank said that the first tranche of equity investment of Rs 3 crore is expected to be completed by March 31, 2022.
India will soon set up National Asset Reconstruction Company Limited or 'Bad Bank' that will absorb the non-performing assets of lenders and clean up their books.
New Delhi, September 16
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 30,600 crore government guarantee for National Asset Reconstruction Company Limited (NARCL) for acquiring stress
Government guarantee of Rs 30,600 crore to NARCL for acquiring stressed assets: FM tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.