India looks to set up body to monitor commercial borrowers, says report
Updated : June 18, 2019 08:24 AM IST
The SPV will be bestowed with a large database of all the information available in public sector banks, the report said quoting sources aware of the matter, adding that the database will be used to develop a rating model to monitor borrowers’ financial health.
When the paper reached out to KV Subramanian, chief economic advisor to the finance ministry, for a comment on the development, he said it was 'too early to comment'.
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