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Will the NARCL cleanse India’s banking system?

Summary:
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. This entry was posted on September 17, 2021 at 4:23 pm and is filed under Academic research & research papers, Indian Economy/Financial Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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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.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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