India may face hurdles in creating a bad bank - THEMARKETTRENDZ

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Friday, 15 May 2020

India may face hurdles in creating a bad bank

As per the proposal submitted to the government and the Reserve Bank of India, fraud-hit accounts could be considered on a case-to-case basis, with approval from the regulator, to sell to the band bank. However, lenders who sell these loans will have to deal with all inquiries relating to fraud investigation. Current rules don’t allow sale of such loans.

from Banking/Finance-Industry-Economic Times
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