FM Nirmala Sitharaman: Government guarantee of Rs 30,600 crore approved for bad bank

The government of India has approved a guarantee of Rs 30,600 crore for security receipts issued by the National Asset Reconstruction Company Limited (Bad Bank). Central Finance Minister Nirmala Sitharaman has announced that the government of India will guarantee the security receipts issued by the bad banks to the banks. A security receipt of Rs … Read more