FM allocates Rs 20,000 crore for bank recapitalisation, proposes AMC-ARC for NPAs

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FM allocates Rs 20,000 crore for bank recapitalisation, proposes AMC-ARC for NPAs

ET OnlineLast Updated: Feb 01, 2021, 12:15 PM IST

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The FM also announced an ARC-AMC mechanism (Bad bank) to tackle the bad loans among banks. A bad bank takes over the bad debts of banks, thereby helping the banks to clean up their books and focus on lending activities.

The FM also announced an ARC-AMC mechanism (Bad bank) to tackle the bad loans among banks.

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