 "FinMin doubts efficacy of a 'bad bank'")
Amid a fresh debate on the concept of a 'bad (loans) bank' to deal with stressed assets in the banking sector, many in the finance ministry questioning if this is needed.
A key official argued that constitution of a new institution to deal with stressed assets would only delay the resolution of bad loans that has plagued state-run banks.
Besides, he said on condition of anonymity, this institution will not be doing anything fundamentally new that the government or state-owned banks are not already doing to address the issue of non-performing assets (NPAs).
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