FM Sitharaman announces Rs 30,600 crore govt guarantee for ‘bad bank’

September 17, 2021
“NARCL will commence clearing balance sheets of banks, and it is hoped that this will finally end the twin balance sheet problem in the infrastructure sector. NARCL operations will also create a shelf of monetisable assets, and these can be leveraged by NARCL’s AMC for de-risking, and creating value for both O&M entities and their lenders,” said Davinder Sandhu, Chairman and Co-Founder, Primus Partners.
Publication: The Indian Express