 "Debashish Panda")
The asset reconstruction and asset management company will help in resolution of stressed assets worth Rs 2.25 trillion, Financial Services Secretary Debasish Panda said in a post-Budget interaction with the media. Edited excerpts:
On ‘bad bank’
Though commonly known as a bad bank, it is neither bad nor a bank. It’s an ARC-AMC model. If Rs 2.25 trillion worth of stressed assets are sold off through it, then money can be realised and reflect on banks’ balance sheet.
