Rather, the existing ones should be implemented speedily to clean up the mess. The proposal, announced on Tuesday, to float two asset management companies to tackle bad debt in banks, is not seen as a new idea. Instead, bankers and analysts say the system can’t afford yet another plan for this. Rather, the existing ones should be implemented speedily. If the new ideas, discussed by Reserve Bank of India deputy governor Viral Acharya, could be implemented with minor modifications and ... Rediff.com, 4 weeks ago
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