| 000 -LEADER |
|---|
| fixed length control field |
01331nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
210921b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Chandrasekhar, C.P. |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Asset reconstruction companies and the bad debt of Indian banks |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication, distribution, etc |
Economic & Political Weekly |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
56(20), May 15, 2021: p.51-58 |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc |
The finance minister’s Budget speech 2021 revealed the government’s plans to establish an Asset Reconstruction Company to take over bad debt from the books of public sector banks for eventual disposal. That suggests that the ARC route rather than recapitalisation would in the coming months be the main means of refurbishing capital in the public banking system. Since there are as many as 28 ARCs already in existence, the reason why the creation of one more would resolve a problem that is expected to worsen over the coming year is unclear. In fact, past experience indicates that ARCs have not helped enhance the actual recovery of lock-up in stressed assets. This suggests that the move is a means to postpone the problem of bad debt resolution so as to avoid having to recapitalise the banks with budgetary resources, which would widen the central fiscal deficit. – Reproduced |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Economic & Political Weekly |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
|---|
| Subject DIP |
BANKING AND FINANCE |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Item type |
Articles |
