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Finance minister Nirmala Sitharaman in budget 2021-22 had announced that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up the bank books. The Union Cabinet on Wednesday cleared a proposal to provide government guarantee to security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans. Stay here for all latest updates.Read Less
THE TIMES OF INDIA | Sep 16, 2021, 16:52:59 IST
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