Centre mulls setting up bad bank among other options to improve banking sector: DEA Secretary
Tarun Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks
PTI | December 19, 2020 | Updated 10:59 IST
The government is exploring all options, including setting up of a bad bank, to improve the health of the country s banking sector, Economic Affairs Secretary Tarun Bajaj said on Friday. He also said the government has recapitalised public sector banks and continue to pump in capital as per requirements.
The government is exploring all options, including setting up of a bad bank, to improve the health of the country s banking sector, Economic Affairs Secretary Tarun Bajaj said on Friday. He also said the government has recapitalised public sector banks and continue to pump in capital as per requirements. We are looking at various options, including the option you mentioned (of bad bank), and it is still in the works. The RBI has been asking us, and we ourselves also feel that we need to recapitalise. We have recapitalised to a large extent and this year too, we have kept some money for recapitalisation so that commitment is there., he said.
Govt exploring setting up bad bank, all other options: DEA Secretary Tarun Bajaj
Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks. PTI
NPA NPA Non performing assests
The government is exploring all options, including setting up of a bad bank, to improve the health of the country s banking sector, Economic Affairs Secretary Tarun Bajaj said on December 18. He also said the government has recapitalised public sector banks and continue to pump in capital as per requirements.
Government exploring setting up bad bank, all other options: DEA Secretary
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Last Updated: Dec 18, 2020, 09:47 PM IST
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Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks.
To help the MSME sector, Bajaj, on Friday, said the government has announced 100 per cent guarantee for the smaller industries so that the banks could lend to them.
New Delhi: The government is exploring all options, including setting up of a bad bank, to improve the health of the country s banking sector, Economic Affairs Secretary Tarun Bajaj said on Friday. He also said the government has recapitalised public sector banks and continue to pump in capital as per requirements.
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