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Bad bank will be a new ARC set up by PSBs: RBI Governor Shaktikanta Das

Synopsis
Central bank governor Shaktikanta Das said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will be a new asset reconstruction company (ARC) set up by public sector lenders to take over bad assets.
PTI
Central bank governor Shaktikanta Das on Thursday said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will be a new asset reconstruction company (ARC) set up by public sector lenders to take over bad assets. The new entity will, he said, in no way jeopardise the functioning of existing ARCs.
“What you call a bad bank is not really that; an ARC-type entity will be set up to take over bad loans from the books of public sector banks and it will try to resolve just like any other ARC,” Das said. “This is targeting specific bad assets that a certain set of PSBs are holding. In no way will it jeopardise the activities of existing ARCs. I think there is scope to have anoth ....

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Centre Working On 'bank-driven', Not Government-driven, Solution For Bad Assets: FM Nirmala Sitharaman

Centre working on ‘bank-driven , not government-driven, solution for bad assets: FM Nirmala Sitharaman
The Union Finance Minister while reacting to opposition s allegation of selling family silver , stated that the government for the first time has devised a clear strategy on divestment so that taxpayers money is spent wisely, adding it wants few public sector enterprises in specified sectors to do well.
Finance Minister Nirmala Sitharaman (File image: Reuters)
Disinvestment is a very responsible, transparent and open process, said Finance Minister Nirmala Sitharaman stated on February 7. The statement comes six days after tabling the Union Budget 2021-22 in Lok Sabha.
Disinvestment is a very responsible, transparent and open process; not a random list. It involves a huge process of consultation before a call is taken about disinvesting. Even then, the way it has to be disinvested is layered and at every stage it is vetted, the FM said while addressing the me ....

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Bad Bank Announced By Finance Minister Nirmala Sitharaman In Union Budget May Be Set Up Within Two Months - एक से दो महीनों में हो सकता है बैड बैंक का गठन, जानिए इससे क्या होगा फायदा

Bad Bank Announced By Finance Minister Nirmala Sitharaman In Union Budget May Be Set Up Within Two Months - एक से दो महीनों में हो सकता है बैड बैंक का गठन, जानिए इससे क्या होगा फायदा
amarujala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amarujala.com Daily Mail and Mail on Sunday newspapers.

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Budget 2021, Centre To Set Up Bad Bank To Manage Npa Of Bank - Budget 2021: सरकार करेगी 'bad Bank' की स्थापना, जानिए क्या हैं इसके उद्देश्य

Budget 2021, Centre To Set Up Bad Bank To Manage Npa Of Bank - Budget 2021: सरकार करेगी 'bad Bank' की स्थापना, जानिए क्या हैं इसके उद्देश्य
amarujala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amarujala.com Daily Mail and Mail on Sunday newspapers.

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LIC और IDBI Bank में हिस्सेदारी बेचने का ऐलान कर सकती है सरकार LIC and IDBI stake sale by Indian Gov can announce in Budget

LIC और IDBI Bank में हिस्सेदारी बेचने का ऐलान कर सकती है सरकार LIC and IDBI stake sale by Indian Gov can announce in Budget
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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