Lending Re-boot: Bad Bank expected to absorb Rs 2 lk cr NPAs
By IANS |
Published on
Thu, Feb 4 2021 16:06 IST |
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KV Subramanian. (File Photo: IANS). Image Source: IANS News
New Delhi, Feb 4 : India s growth is set to further accelerate on the back of the path breaking plan to set up a Bad Bank , which is expected to absorb Rs 2 lakh crore worth of non-performing assets (NPA).
Accordingly, the process is expected to clean up banks books and allow them to lend more freely.
According to the Finance Ministry s Chief Economic Advisor Krishnamurthy Venkata Subramanian, the crucial reform measure in the sector will pave the way for a stronger banking sector.