सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील अग्रलेख वाचावा .

The Reserve Bank of India’s (RBI) decision to expand the strength and operational scope of the oversight committee for restructuring bank debt is welcome but not adequate. The committee proposes, under the current thinking, to give its nod to defaulting debtors who are taken up for resolution under the Insolvency and Bankruptcy Code. This is not what is ideal. The banks should not be burdened with the job of resolving bad loans. That should be the job of an asset reconstruction company (ARC). Banks should be free to sell off their bad loans to ARCs for a consideration, get recapitalised and move on to resume stalled lending. The ARCs should decide how to restructure the companies underlying the assets they purchase.
The difficulty in selling bad loans to an ARC is fixing the haircut that the bank should take. The solution is to create a competitive market for stressed assets, with multiple so-called vulture funds in the fray along with the ARCs now in play. The government has set up a National Investment and Infrastructure Fund (NIIF) to invest in infrastructure projects, putting up some equity of its own and getting the private sector to participate to the extent of holding a majority stake, and raising cheap credit from global markets on the strength of this equity. On these lines, it should be possible to set up new well-capitalised ARCs.

via Needed, a market for stressed assets: The new bankruptcy code makes it possible