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Government Revives ‘Bad Bank’ Talks... Reluctantly.
A bad bank, which has been discussed and shelved many times, is being considered again but remains uncertain.
18 Jan 2021, 01:23 PM IST
The Indian government has revived discussions on setting up a ‘bad bank’ as non-performing assets on the balance sheets of Indian banks remain elevated and may rise as a result of the Covid-19 pandemic. While discussions have taken place, hurdles and reservations to the setting up of a bad bank remain.The Ministry of Finance has held informal discussions with the Indian Banks’ Association recently with “various permutations and combi...
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