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Thursday, June 11, 2020

Bad bank idea finds little support from RBI, govt

A senior government official said that the move will only mean a transfer from the state-run lenders to a new entity, which can be done even now given the large number of asset reconstruction companies that are in the market. “Such transactions often lack transparency as the valuations raise questions,” the official said.

from Banking/Finance-Industry-Economic Times https://ift.tt/30vlw6x

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