Bad bank move will quicken NPA resolution

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Bad bank move will quicken NPA resolution
By , ET Bureau
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Synopsis

Though no details are available on how much capital the government plans to allocate to this new asset reconstruction company, bankers welcomed the move as a step in the right direction as it will help in quicker resolution of non performing assets (NPAs).

Agencies
The IBA along other corporate lobby group have been suggesting the creation of a bad bank for a long time.

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