It requires empowering bankers, not more institutions. Last week, Reserve Bank of India (RBI) Deputy Governor Viral V Acharya suggested yet another way of resolving the bad debt problem stifling the banking sector. He proposed the creation of two asset management companies — one private and another quasi-government — instead of a single “bad bank”.
It requires empowering bankers, not more institutions. Last week, Reserve Bank of India (RBI) Deputy Governor Viral V Acharya suggested yet another way of resolving the bad debt problem stifling the banking sector. He proposed the creation of two asset management companies — one private and another quasi-government — instead of a single “bad bank”.