Government moots the idea of Asset Reconstruction Company

Mumbai: Government has today showed inclination to set up an Asset Reconstruction Company (ARC) or an Asset Management Company (AMC) for faster resolution of stressed assets.

Government has set up a committee of bankers headed by Punjab National Bank chairman Sunil Mehta to look into new mechanisms that may help resolve the problem of stressed assets faster. Among the options up for discussion is a structure resembling a ‘bad bank’, which has been debated for many years now.

Leave a Reply

Your email address will not be published. Required fields are marked *