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Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'

Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'

May 12, 2020, at 11:01 pm

Mumbai/IBNS: Indian Banks Association (IBA) has sent a proposal to set up a 'Bad Bank' to the Finance Ministry and the Reserve Bank of India (RBI), said a CNBC-TV18 report. A Bad Bank is named so as it houses all bad loans or non-performing assets.