Page 17 - சொத்து புனரமைப்பு நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

February 26, 2021 The Bad Bank is being floated to clean up the books of PSBs Veteran bankers from public sector banks (PSBs) will be roped on deputation to get the so-called ‘Bad Bank’ off the ground. This bank is being floated to clean up the books of PSBs. With the Indian Banks’ Association (IBA) and the Department of Financial Services (DFS) putting the formation of the Bad Bank on fast-track, bankers feel deputation is the best option as inviting applications for filling various positions, shortlisting eligible candidates and interviewing them could be a drawn out process. In the run-up to the formation of the Bad Bank, the association has already asked banks to furnish data on stressed accounts with principal outstanding above ₹500 crore, both under consortium and multiple banking arrangement.

Nirmala sitharamanAsset management companyDoorstep banking serviceBad bankIndian bank associationAsset reconstruction companyUnion budgetDepartment of financial servicesFinancial servicesGeneral managerDeputy general managerManagement companyCorporate debt restructuringState bankFinance minister nirmala sitharamanReserve bank