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<h1>Government guarantee for Security Receipts strengthens liquidity and backstop for resolution of large stressed bank assets.</h1> Central Government guarantee of Security Receipts issued by National Asset Reconstruction Company Limited provides a five-year backstop covering shortfalls between SR face value and actual realisation, subject to a ceiling and invocation only upon resolution or liquidation; it is intended to enhance SR liquidity and market confidence, incentivise timely resolution via an increasing guarantee fee, and support NARCL/IDRCL's acquisition and managed resolution of large, phased transfers of stressed bank assets.