Published:
Why a bad bank is not the answer to India's debt dilemma
A government adviser says India already has five reasonably-sized asset reconstruction companies.
According to a Bloomberg report, there is no need for India to set up a new state-run fund manager to resolve the world’s highest stressed assets ratio as it already has institutions that can deal quickly with the problem, a top government adviser said.
Creating such an entity, a so-called bad bank, “can easily result in the loss of valuable time, perhaps as much as a year,” said Arvind Panagariya, vice chairman of Niti Aayog, the government’s top policy planning body, in an interview.
Read more here.
Read Here
Advertise
Sign Up
