The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public sector banks. This would mean that a big chunk of sticky loans would continue to remain on the books of banks.source https://economictimes.indiatimes.com/industry/banking/finance/banking/fraudulent-loans-cannot-be-sold-to-bad-bank-rbi/articleshow/81386668.cms
No comments:
Post a Comment