The FM also announced an ARC-AMC mechanism (Bad bank) to tackle the bad loans among banks. A bad bank takes over the bad debts of banks, thereby helping the banks to clean up their books and focus on lending activities.source https://economictimes.indiatimes.com/industry/banking/finance/banking/fm-allocates-rs-20000-crore-for-bank-recapitalisation-proposes-amc-arc-for-npas/articleshow/80626537.cms
No comments:
Post a Comment