Will the NARCL cleanse India’s banking system?

In press meeting yesterday (16 Sep 2021), FM Nirmala Sitharaman announced establishing and working of National Asset Reconstruction Company Ltd (NARCL).

My article in Moneycontrol explaining the policy and whether NARCL will cleanse the banking system. The answer depends on getting many things right going forward.  Proof of pudding lies in its eating.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: