India makes (another) push to curb spiraling bad debt
Six new enforcement agencies will be set up in India to help banks recover debt by selling the defaulter’s asset. The move is a sign of the new government’s harsher stance on bad loans.
India’s Ministry of Finance will set up six new debt recovery tribunals (enforcement agencies) to help its state-owned banks recover debt by selling defaulter corporate’s assets more effectively. The move, made on July 10, is part of the government’s effort to curtail the country’s soaring debt problems.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
