India: RBI allows banks to sell stressed assets to NBFCs, other lenders

India: RBI allows banks to sell stressed assets to NBFCs, other lenders

Photo: Aniruddha Chowdhury/Mint

Banks can now sell their stressed assets to other lenders, non-banking financial companies and financial institutions in addition to distressed-asset buyers, a move the banking regulator said will speed up the resolution of bank bad loans.

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