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New Asset Reconstruction and Asset Management Company
February 10 , 2021
1539 days
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- The Union Budget 2021 announced the creation of new asset reconstruction and asset management company.
- The new Asset reconstruction and asset management company will look after the Non-Performing Assets (NPAs) of stressed banks.
- New amendments will be incorporated so that the Asset reconstruction depositors can get easy and time-bound access to their savings.
- This in turn will help depositors in banks that are currently under stress.
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