Q Why is it in News ?
A Paving the way for a major clean-up of bad loans in the banking system, the Union Cabinet has cleared a ₹30,600-crore guarantee programme for securities to be issued by the newly incorporated ‘bad bank’ for taking over and resolving non-performing assets (NPAs) amounting to ₹2 lakh crore.
Q What is a Bad Bank?
A
Q What are some details about Bad Banks to be established ?
A
Q How will the NARCL-IDRCL work?
A
Q Will a bad bank resolve matters?
A
Q Why do we need a bad bank?
A
Q What is significance of bad banks ?
A