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SBI, PNB, Canara Bank, 5 others buy stakes in the Bad Bank

SBI, PNB, Canara Bank, 5 others buy stakes in the Bad Bank

by | Jul 20, 2021 | 1:57 pm | News

A bad bank is set up to take over the bad loans of other banks that have high NPAs at a market price. This bad bank- National Asset Reconstruction Company Limited (NARCL) received legal recognition earlier this month. Eight public sector banks have so far invested in the first round. Canara Bank purchased approximately 12 [...]
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