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

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.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pWwawv