Indian bad bank runs into regulatory hurdle.
M2 EQUITYBITES-June 13, 2022--Indian bad bank runs into regulatory hurdle
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Global Banking News - 13 June 2022
The Indian central bank, The Reserve Bank of India (RBI), has expressed its concerns about a bad bank that was supposed to soak-up bad assets in the Indian central bank system.
The apex bank has raised concerns over the lack of clarity on the regulatory oversight of an asset management company (AMC) that was proposed to be set up under the National Asset Reconstruction Company Ltd (NARCL). The central bank's concerns, as well as other regulatory issues, have delayed the transfer of large bad loans of about INR500m to...
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