RBI Deputy Guv Acharya Pro­poses Set­ting up 2 Cos to Man­age Bad Debt

The Economic Times - - Front Page -

RBI is propos­ing its tough­est mea­sures yet to re­cover loans from de­fault­ers by pre­scrib­ing De­cem­ber dead­line for the loan re­struc­tur­ing of top 50 de­fault­ers. Deputy Gover­nor Vi­ral Acharya pro­posed set­ting up two as­set man­age­ment com­pa­nies for stressed as­sets.

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