DMPQ: RBI has taken several steps to deal with stressed asset problems. Discuss the steps taken by the RBI. Also comment on their success.
Steps taken by RBI: Establishment of private Asset Reconstruction Companies (ARCs) Many ARCs have been created, but they have solved only a small portion of the problem, buying up only about 5 percent of total NPAs. Strategic debt restructuring scheme: under this creditors could take over firms that were unable to pay and … Read more