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ICICI Direct Report
The past few months have been eventful from a banking sector perspective as many important announcements and developments have taken place with the view of enabling a faster recovery in the sector.
Key events include budgetary announcement of formation of bad bank in order to reduce non performing asset burden of large banks, formation of Development Financial Institution to help infra lending, privatization of public sector undertaking banks and the Supreme Court's order to quash standstill asset classification norms, pleas seeking complete interest waiver and extension of moratorium.
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