New Delhi, Feb 3 (IANS) Finance Minister Arun Jaitley on Friday said that setting up a "bad bank", or a kind of asset reconstruction company set up to buy non-performing assets of banks at market price, could be a solution to deal with the festering problem of NPAs.
"It (bad bank) is also a possible solution. We will take it on board for discussion," Jaitley said here at the post-Budget interaction with India Inc.
The Economic Survey 2016-17 has suggested establishment of a bad bank to deal with the NPA issue.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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