BANKING

Asset transfers from banks to India’s bad debt aggregator NARCL have hit a snag. The government-backed company is insistent on banks signing off on an agreement that absolves NARCL from future liabilities, but banks have refused to give the blanket indemnity. NARCL’s demand was considered unrealistic by banks who have a board responsibility.

from Banking/Finance-Industry-Economic Times https://ift.tt/xOw5D3k
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