The twin balance sheet problem refers to heavily indebted corporates dragging down banks into non-performing assets (NPAs) and losses. The 4R strategy is recognition, recapitalisation, resolution and reform. It called on banks to value assets as close to their true value as possible (recognition). They were strengthened through equity infusion (recapitalisation).from Banking/Finance-Industry-Economic Times https://ift.tt/GTviNhx
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