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Government sets up Bad Bank to clean up Bad Loans

  Oct 05, 2021

Government sets up Bad Bank to clean up Bad Loans

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?

Q What are some details about Bad Banks to be established ? 

Q How will the NARCL-IDRCL work?

Q Will a bad bank resolve matters?

Q Why do we need a bad bank?

Q What is significance of bad banks ?