Thursday 25 February 2021

Bad bank will be a new ARC set up by PSBs: Das

Central bank governor Shaktikanta Das said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will be a new asset reconstruction company (ARC) set up by public sector lenders to take over bad assets.

from Stocks-Markets-Economic Times https://ift.tt/3dO2hMc

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