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Viral Acharya: The elusive outlier in the middle of the govt-RBI spat

Acharya has been a strong proponent of cleaning up bad debt on banks' books and is an active supporter of the PCA framework for weaker public sector banks

Topics
Reserve Bank Of India  |  Rbi Vs Government  |  Npa

Anup Roy  |  Mumbai 



Viral Acharya
Viral Acharya | Illustration: Ajay Mohanty

In his maiden speech as deputy governor, Viral Acharya proposed to create two asset management companies -- one private and another public -- to tackle banks' bad asset problem. It was a radically new thought being proposed by a senior central bank official, even though it was floated outside the realm of central banking before. Acharya himself had research papers on the issue.

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First Published: Thu, November 01 2018. 20:51 IST

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