Edelweiss Asset Reconstruction Company has assured that banks led by State Bank of India will not have to take a haircut as they go about rejigging loans to revive the company and salvage their money, a senior banker told ET.
Jaitley said that the move “will enhance capital flows into the securitization industry and will particularly be helpful to deal with bank NPAs (non performing loans). The share of distressed loans is close to 16% in the books of banks."
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