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Bad Bank: Government Guarantee A Bonus, Not An Imperative, Say Bankers
The bad bank structure is not dependent on government guarantees, but it will be welcomed if provided, say bankers.
24 Feb 2021, 11:42 AM IST
Bankers are drawing up a plan to create a national asset reconstruction company even as they await clarity on the role the government is willing to play in this process.A ‘bad bank’ like entity was proposed by Finance Minister Nirmala Sitharaman in the Union Budget. In comments thereafter, officials said the government will not be capitalising on this entity but may consider providing a guarantee against the security receipts issued....
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