Project Sashakt

The McNally group has been paring debt across group companies

Capital worth about Rs 500 billion will be required for PSBs to invest in alternative investment funds

The government may still need the RBI to relax its norms for bad loans for the new initiative to take off

Realism essential for a successful plan to resolve bad debt

The actual purpose should have been to identify ways to resolve the NPAs with significant recovery from these accounts