IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank

With registration of the company, the process for putting an initial capital of Rs 100 crore is on as per the guidelines, the sources said adding that the next step will be audit and then move application to the RBI seeking licence for the asset reconstruction company.

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