Friday, March 28, 2014

How to Solve India’s Bad Debt Problem

........Back home, the government and the RBI should facilitate the formation of Namco, with banks as its major and initial shareholders with an equity base of around . 6,000 crore. Namco’s goal should be to resolve the NPA problem. Its main activities will include NPA acquisition, aggregation and resolution, including the sale of businesses, or assets, or management change. Then comes the rehabilitation, recapitalisation and refinancing. It will also be..............

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