Bad bank relies on deposit interest in the first year of ops2 min read . Updated: 25 Jan 2023, 12:26 AM IST
NARCL’s expenses stood at ₹16.3 crore of which ₹12.6 crore was spent on legal and professional charges, and ₹24 lakh on advertisement
MUMBAI : In its first year of operations, the National Asset Reconstruction Co. Ltd (NARCL) posted a loss of ₹5.9 crore, earning some interest from bank deposits and without any bad loans to manage.
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