Home Business Bad bank may not be a potent option to address bad loan woes: CEA Krishnamurthy Subramanian

Bad bank may not be a potent option to address bad loan woes: CEA Krishnamurthy Subramanian

by Economic Times
0 comment 31 views

Currently, banks sell their bad loans to ARCs as per the prudent norms of the Reserve Bank of India. Subramanian said currently 28 ARCs are functional and their job is to take bad loans from banks and act as bad bank. The idea of bad bank was also discussed in the meeting of the financial sector regulators FSDC earlier this month.

This Bad bank may not be a potent option to address bad loan woes: CEA Krishnamurthy Subramanian was originally published on https://economictimes.indiatimes.com/industry/banking/finance/banking/bad-bank-may-not-be-a-potent-option-to-address-bad-loan-woes-cea-krishnamurthy-subramanian/articleshow/76326043.cms

Related Posts