November 05, 2024 16:30 (IST)
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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'

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.