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SBI Bad Bank News

State Bank of India

28 Jan 2022

SBI gets approvals for setting up 'bad bank': All you need to know

Finance Minister Nirmala Sitharaman had announced the setting up of a `bad bank` in her Budget speech last year. A bad bank is a corporate firm that is set up to absorb the illiquid and risky assets held by banks. As of now, a total of 38 accounts aggregating Rs 82,845 crore have been identified for transfer to NARCL.

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