You are here: Home » Finance » News » Banks
Business Standard

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

Topics
Stressed Assets

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 ...

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


Notice: Undefined property: stdClass::$canonicalUrl in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 449

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 160

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 160

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Warning: file_get_contents(/usr2/data/content/bs/article/16/09/116072801716.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1123

Warning: file_get_contents(/usr2/data/content/bs/article/16/09/116072100334.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1123

Warning: file_get_contents(/usr2/data/content/bs/article/16/09/116031300714.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1123

Warning: file_get_contents(/usr2/data/content/bs/article/16/09/116072100027.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1123