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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