Saturday, February 6, 2021

PNB MD Mallikarjuna Rao on setting up of a Bad Bank

“We expect that within one year’s time bad bank should be doing much better,” he noted that in the initial stage banks will not get any money as it is only transfer of assets and that money will come only when a transparent process of bidding takes place.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/pnb-md-mallikarjuna-rao-on-setting-up-of-a-bad-bank/articleshow/80724316.cms

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