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Banks not excited on wider market for stressed assets

Banks want effective turnaround plan for the stressed sectors and companies which is yet to be seen

Nupur Anand  |  Mumbai 

The Reserve Bank of India (RBI) has come out with yet another measure to ensure better realisation of stressed assets by widening the market for their sales. RBI has allowed banks to sell these assets to other banks, non-banking financial companies, or financial institutions.

Earlier, sales of stressed assets were restricted to securitisation companies/reconstruction companies. But banks believe this is just another step, and it may take a while before it turns out effective. ALSO READ: Reserve Bank widens market for sale of stressed assets "At a time when most banks are ...

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First Published: Sat, September 03 2016. 00:16 IST

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