[ad_1] The finance ministry Saturday asked public sector insurance companies including Life Insurance Corporation of India (LIC) to expedite disbursement of the claim amount to landslide victims and their families in Wayanad and other districts of Kerala. The insurance companies have initiated efforts for reaching out to their policyholders through various channels (local newspapers, social […]
Finmin says first set of NPAs likely to be transferred to bad banks next month
[ad_1] The Finance Ministry on Monday said the Rs 6,000-crore National Asset Reconstruction Company (NARCL) or bad bank may acquire the first set of non-performing accounts of banks next month. NARCL is a Special Purpose Asset Reconstruction Company for taking over large value NPA accounts (over Rs 500 crore) from banks. In a series of […]