Debt restructuring Current Affairs, GK & News

Public Asset Reconstruction Agency

The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank” is a proposed agency to assume the Non-Performing Assets (NPA) of public sector banks in India and to deal with the recovery of the bad loans. This agency has been proposed in Economic Survey 2016-17. The main function of PARA would be to take ..

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Rs 35,000 Cr debt restructuring package for textile sector

The Centre agreed upon a Rs 35000 crore debt restructuring package to the textile sector. Step is taken to support the textile industry in this moment of crisis. The total outstanding debt of the textiles sector is Rs 1,55,809 crore of which debt of Rs 35,000 crore requires restructuring. Govt would issue directives to Banks ..

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