Last year, the Indian Banks' Association (IBA) had made a proposal for the creation of a bad bank for swift resolution of non-performing assets (NPAs). The government accepted the proposal and decided to go for asset reconstruction company (ARC) and asset management company (AMC) model for this.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-likely-to-transfer-about-80-large-npa-accounts-to-narcl/articleshow/82798926.cms
No comments:
Post a Comment