Union Finance Minister Nirmala Sitharaman has announced the concept of bad bank in the country. In her budget speech, Sitharaman said that an Asset Reconstruction Company Limited and Asset Management Company will be set up that will manage the bad debt of public sector banks like State Bank of India, Punjab National Bank and others.from IndiaTV Business: Google News Feed https://ift.tt/2YxRRaS
Union Finance Minister Nirmala Sitharaman has announced the concept of bad bank in the country. In her budget speech, Sitharaman said that an Asset Reconstruction Company Limited and Asset Management Company will be set up that will manage the bad debt of public sector banks like State Bank of India, Punjab National Bank and others.