Explained: Why India needed a bad bank

The value of bad loans being carved out of bank books for transfer to the NARCL is around Rs 2 lakh crore. About Rs 90,000 crore in bad loans will be transferred in the first phase. The guarantee of Rs 30,600 crore will cover the entire pool of Rs 2 lakh crore. Via Times of India https://ift.tt/2hJjhqE