'Bad bank' a possible solution for NPAs: Jaitley
Friday - February 3, 2017 6:01 pm ,
Category : INDIA
New Delhi : Finance Minister Arun Jaitley on Friday said that setting up a "bad bank", or a kind of asset reconstruction company set up to buy non-performing assets of banks at market price, could be a solution to deal with the festering problem of NPAs.
"It (bad bank) is also a possible solution. We will take it on board for discussion," Jaitley said here at the post-Budget interaction with India Inc.
The Economic Survey 2016-17 has suggested establishment of a bad bank to deal with the NPA issue.
--IANS
"It (bad bank) is also a possible solution. We will take it on board for discussion," Jaitley said here at the post-Budget interaction with India Inc.
The Economic Survey 2016-17 has suggested establishment of a bad bank to deal with the NPA issue.
--IANS
