..........NAMCO, mooted by Ficci and supported by many bankers, is meant to takeover, recover and rehabilitate the banking system’s stressed assets – non-performing assets (NPA) and restructured assets — in the infrastructure sector. “This proposal will not pass muster with the government. Clearing it may attract criticism and give the government a bad name. Anyway, we have forwarded it to the Reserve Bank of India (RBI) for its comments,” a finance ministry official told FE.......
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