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NIIF may lend a hand to resolve stressed assets

Wednesday, June 13, 2018, 8:00 AM

The National Investment and Infrastructure Fund (NIIF) may be roped in as an investor to set up an asset reconstruction company (ARC) that will take over the stressed loans of state-run banks, said a senior government official. "Bankers are thinking to get NIIF as a sponsoring agency. They (banks) themselves can pitch in some capital," the official said.