Business Standard

Govt exploring setting up bad bank, all other options: DEA Secretary

Economic Affairs Secretary Tarun Bajaj also said the government has recapitalised public sector banks and continue to pump in capital as per requirements

Tarun Bajaj, economic affairs secy
Premium

Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks

Press Trust of India New Delhi
The government is exploring all options, including setting up of a bad bank, to improve the health of the country's banking sector, Economic Affairs Secretary Tarun Bajaj said on Friday.
 
He also said the government has recapitalised public sector banks and continue to pump in capital as per requirements.
 
"We are looking at various options, including the option you mentioned (of bad bank), and it is still in the works... The RBI has been asking us, and we ourselves also feel that we need to recapitalise. We have recapitalised to a large extent and this year too, we have kept

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 18 2020 | 9:45 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com