ADVERTISEMENT
Behind The Scenes: Why India's Bad Bank Plan Has Been Thrown Into Turmoil
India's Bad Bank -- How a long discussed plan has been thrown in turmoil close to the finish line.
17 Jan 2022, 08:26 AM IST
A last-minute change in strategy, backstage bickering and a lack of direction. After being years in the making, India's plan to set up a bad bank has been thrown into turmoil just months before it was set to become operational.The National Asset Reconstruction Co., announced formally as part of the budget speech in February 2021, is expected to take over Rs 2 lakh crore worth bad debt, freeing up bank capital tied to these loans. Wor...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT