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Govt should set up AMC to deal with NPAs: Ficci

Recommendations submitted to DIPP part of a paper titled 'Executive Actions to enable Make in India'

Press Trust of India  |  New Delhi 

As the banking sector grapples with mounting bad loans, Ficci has suggested that the government establish a National Asset Management Company (NAMCO) for one-time resolution of large NPAs. "The proposed time-bound and close-ended framework NAMCO would require Government sponsorship but no capital injection or guarantees. Ministry of Finance can encourage public sector banks (PSBs) to take up to 49.9% equity in NAMCO and the balance equity will be sourced from private sector banks and other private financial institutions. "NAMCO shall focus on rehabilitation of large-scale ...

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Govt should set up AMC to deal with NPAs: Ficci

Recommendations submitted to DIPP part of a paper titled 'Executive Actions to enable Make in India'

Recommendations submitted to DIPP part of a paper titled 'Executive Actions to enable Make in India' As the banking sector grapples with mounting bad loans, Ficci has suggested that the government establish a National Asset Management Company (NAMCO) for one-time resolution of large NPAs. "The proposed time-bound and close-ended framework NAMCO would require Government sponsorship but no capital injection or guarantees. Ministry of Finance can encourage public sector banks (PSBs) to take up to 49.9% equity in NAMCO and the balance equity will be sourced from private sector banks and other private financial institutions. "NAMCO shall focus on rehabilitation of large-scale ... image
Business Standard
177 22

Govt should set up AMC to deal with NPAs: Ficci

Recommendations submitted to DIPP part of a paper titled 'Executive Actions to enable Make in India'

As the banking sector grapples with mounting bad loans, Ficci has suggested that the government establish a National Asset Management Company (NAMCO) for one-time resolution of large NPAs. "The proposed time-bound and close-ended framework NAMCO would require Government sponsorship but no capital injection or guarantees. Ministry of Finance can encourage public sector banks (PSBs) to take up to 49.9% equity in NAMCO and the balance equity will be sourced from private sector banks and other private financial institutions. "NAMCO shall focus on rehabilitation of large-scale ...

image
Business Standard
177 22