New bad bank expected to be launched in July
New bad bank expected to be launched in July Lenders have so far reviewed 101 non-performing assets (NPAs) in the first phase and now plan to transfer 22 accounts amounting to roughly Rs 89,000 crore to the bad bank. Share Via Email | A+A A- By Express News Service NEW DELHI: The new bad bank is likely to be launched later this week with all the regulatory approvals in place. According to sources aware of the development, the Indian Banks Association (IBA) has already filed an application with the Registrar of Companies at the Ministry of Corporate Affairs to incorporate the N...
Source: newindianexpress.com