scorecardresearchFirst set of NPAs likely to be transferred to bad bank next month: FinMin

First set of NPAs likely to be transferred to bad bank next month: FinMin

Updated: 07 Jun 2022, 10:57 AM IST
TL;DR.
In September last year, the government announced a guarantee worth 30,600 crore for security receipts issued by NARCL. The guarantee is valid for five years.
Banks have identified a total of 38 NPA (Non-Performing Asset) accounts worth  <span class='webrupee'>₹</span>82,845 crore to be transferred to NARCL initially.

Banks have identified a total of 38 NPA (Non-Performing Asset) accounts worth 82,845 crore to be transferred to NARCL initially.