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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

Banks not excited on wider market for stressed assets

TheReserveBankofIndia(RBI)hascomeoutwithyetanothermeasuretoensurebetterrealisationofstressedassetsbywideningthemarketfortheirsales.RBIhasallowedbankstoselltheseassetstootherbanks,non-bankingfinancialcompanies,orfinancialinstitutions.Earlier,salesofstressedassetswererestrictedtosecuritisationcompanies/reconstructioncompanies. Butbanksbelievethisisjustanotherstep,anditmaytakeawhilebeforeitturnsouteffective. ALSOREAD: ReserveBankwidensmarketforsaleofstressedassets "Atatimewhenmost ...