.........There is a proposal to form such an entity, for which public sector banks can jointly put in capital, sources said. “We have asked banks to prepare some modalities for setting up of this company, which could look at the stressed asset issue holistically, including taking over non-performing assets (NPAs) and revival of sick units,” the sources said, adding that the proposal was part of a presentation made to the Finance Minister by the Financial Services Department.
As per the proposal, it could act as an aggregator of NPAs and clear such assets quickly.........
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