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Bad bank is a good idea, says Uday Kotak

Bad bank is a good idea, says Uday Kotak

Friday, February 17, 2017, 11:40 AM

Uday Kotak today called for a national bad bank, saying the present state of financial sector needs such an institution so that they can continue to oil a fast-growing economy. The present health of our public sector banks do not allow banks to lend to small businesses and other growing sectors of economy. Therefore, a national bad bank is a good idea, he said.
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