NPAs of the banking sector, especially the public sector continue to remain high, estimated at about 12% for PSBs. While various measures have been taken to resolve the issue, none seems to have worked so far. This has led to the proposal of creating a public sector asset rehabilitation agency (PARA) by the Economic Survey, … Continue reading Resolving NPAs – Understanding Asset Rehabilitation Agency..
Recent announcement by SBI and ICICI bank to form Asset Reconstruction Company (ARC) in collaboration with global players is an important step ahead for Indian Financial market. The ARC business, which has been existing in the country for almost 15 years now hasn’t got the momentum it needs. The entry of these players should help ARCs get onto their … Continue reading Asset Reconstruction Company – From Slag to Cement..!