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Economy

Why India’s financial system needs a ‘Neelkanth’ to absorb poisoned stressed assets

Updated : July 29, 2019 12:39 PM IST

Even after taking away the stressed assets, the ecosystem will need deep structural reforms to stop churning out poison periodically.
‘Neelkanth’ is a ‘bad bank’ idea that has been proposed and shelved before.
Why India’s financial system needs a ‘Neelkanth’ to absorb poisoned stressed assets
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