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Bad Banks – Union Budget 2021

As part of the Union Budget 2021, Finance Minister Nirmala Sitharaman announced the setting up of an entity that will help tide over the problem of bad assets by absorbing Non-Performing Assets (NPAs) of banks and improve credit flow in the economy. It is understood that this entity, popularly known as a ‘bad bank’ will be akin to an asset reconstruction company, which will purchase bad assets from banks at a discounted price.

Bad Banks – Union Budget 2021
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