RBI open to idea of ‘bad bank’ if there is a proposal, says Governor Shaktikanta Das
Das said the idea of bad bank has been under discussion for a long time.
RBI Governor Shaktikanta Das
The Reserve Bank of India (RBI) was open to the idea of a bad bank if there were to be a proposal, central bank governor Shaktikanta Das said on January 16.
“If there is a proposal to set up a bad bank, the RBI will look at it,” Das said during a question and answer session at the 39th Palkhivala Memorial Lecture.
“We have regulatory guidelines for ARCs. We are open to look at any proposal to set up a bad bank. If any proposal comes, we are open to examine it,” Das said.