FM allocates Rs 20,000 crore for bank recapitalisation, proposes AMC-ARC for NPAs

The FM also announced an ARC-AMC mechanism (Bad bank) to tackle the bad loans among banks. A bad bank takes over the bad debts of banks, thereby helping the banks to clean up their books and focus on lending activities.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MHn2Oa