Sunday, January 31, 2021

CEA Subramanian pitches for private sector-led bad bank to deal with NPAs

Earlier this month, RBI Governor Shaktikanta Das indicated that the central bank can consider the idea of a bad bank to tackle non-performing assets (NPAs). "If there's a proposal to set up a bad bank, the RBI will look at it. We have regulatory guidelines for asset reconstruction companies," Das had said.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/cea-subramanian-pitches-for-private-sector-led-bad-bank-to-deal-with-npas/articleshow/80611678.cms

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