What is Bad Bank? How Modi govt plans to address stressed assets of public sector banks

Union Finance Minister Nirmala Sitharaman has announced the concept of bad bank in the country. In her budget speech, Sitharaman said that an Asset Reconstruction Company Limited and Asset Management Company will be set up that will manage the bad debt of public sector banks like State Bank of India, Punjab National Bank and others.

Union Finance Minister Nirmala Sitharaman has announced the concept of bad bank in the country. In her budget speech, Sitharaman said that an Asset Reconstruction Company Limited and Asset Management Company will be set up that will manage the bad debt of public sector banks like State Bank of India, Punjab National Bank and others. February 02, 2021 at 10:38AM https://ift.tt/3tcO6Wt