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IBA submits 'Bad Bank' proposal to government, RBI

Updated : May 12, 2020 04:52:26 IST

The proposal was simultaneously sent to the finance ministry, and copied to the department of financial services and department of economic affairs as well.
As per IBA’s estimates, the 'Bad Bank' would require approximately Rs 10,000 crore of capital initially.
The exact quantum of capital and amount of bad loans to be housed in the proposed 'Bad Bank' would only be finalised after discussions with the government and the RBI.
Published : May 12, 2020 04:18 PM IST

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