The political economy of India’s bad bank (Livemint)

Rohan Chinchwadkar The idea of setting up a centralized public asset management company (PAMC) or “bad bank” to solve the problem of stressed loans is gathering steam. The Economic Survey 2016-17 proposed the setting up of a public sector asset rehabilitation agency (PARA), which is essentially a centralized bad bank. In a recent speech, Reserve…

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Updated: March 6, 2017 — 7:33 AM