 "banks, bad loans, NPAs, IBC, assets")
Ever since Finance Minister Nirmala Sitharaman announced a Rs 30,600 crore government guarantee for the bad bank, the body language of the bankers has changed. The guarantee will be given for the securities receipts (SRs) that the bad bank will issue to commercial banks while buying bad loans worth Rs 2 trillion from them.
A recovery of at least Rs 30,600 crore is ensured. It could be even more. Prospective buyers have already started smelling an opportunity. Some of them are global entities. This is why bankers are smiling.
How will the bad bank, christened National Asset Reconstruction Company (NARCL), work? Banks
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