'Bad bank' a possible solution for NPAs : Arun Jaitley

5 Dariya News

New Delhi 03-Feb-2017

Finance Minister Arun Jaitley on Friday said that setting up a "bad bank", or a kind of asset reconstruction company set up to buy non-performing assets of banks at market price, could be a solution to deal with the festering problem of NPAs."It (bad bank) is also a possible solution. We will take it on board for discussion," Jaitley said here at the post-Budget interaction with India Inc.The Economic Survey 2016-17 has suggested establishment of a bad bank to deal with the NPA issue.