Introduction of a bad bank may help “shape the operations” of the existing asset reconstruction companies (ARCs), an RBI paper said on Monday, noting that a sizable bulk of assets bought by such entities have not been resolved for a long time. The paper, published in the central bank’s monthly bulletin for April, also flagged … Read more
The Indian Banks’ Association (IBA) has started the process of identification of bad loans that can be transferred to the proposed bad bank. The bankers’ lobby group has written to the lenders, seeking a list of all bad loans above ₹500 crore. This exercise by IBA could help lenders identify the magnitude of the bad … Read more
Bharatiya Janata Party has promised “game changer” plans to boost economic growth when Finance Minister Nirmala Sitharaman presents the 2021/2022 federal budget on Feb. 1. Here’s a look at some top topics she is likely to cover on Monday, as Prime Minister Narendra Modi‘s government tries to bring the country’s economy back on track: HEALTHCARE … Read more