Transferring bad debts to CRA at book value just as a front: experts

Experts say a recommendation from the House panel to transfer bad loans from banks to the proposed asset reconstruction company (ARC) at book value will only open the window and not contribute to price discovery of the underlying asset. Instead of regulated pricing, according to ARC officials, the valuation of non-performing assets (NPAs) should be left to market forces.

Banks will transfer their NPAs to the National ARC, or bad bank, as soon as it obtains a license from the Reserve Bank of India. The lenders plan to transfer NPAs worth 2 trillion rupees and hold up to 10 percent stake each in ARC. …

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First published: Tue 23 Mar 2021. 16:15 IST


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