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Govt considering SPV to buy bad loans of banks

Sunny Verma
Posted: Monday, Nov 03, 2008 at 0213 hrs IST
Updated: Monday, Nov 03, 2008 at 0213 hrs IST

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» SPV for buying bad loans- rewarding the guilty

Posted by sagar behrani on 2008-11-04 00:34:23.172648+05:30
a completely unplanned and uncalled for decision. u're just rewarding these banks for not being cautious at the time of lending to the borrowers who had serious chances of making defaults. moreover, this move will only add pressure to the mounting fiscal deficit of the country. the decision is being taken looking at only one side of the situation, i.e., the liquidity problem. u're curing just the patient, and not the disease. also, there is no obligation to maintain CAR at 12%. basel 2 norms do not specify any such requirements.

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» SPV for buying bad loans

Posted by Dr.K.K.Ammannaya on 2008-11-03 05:57:17.407051+05:30
The proposal to launch a special purpose vehicle to buy bad loans of banks is a welcome initiative.The government must take urgent action in this reagrd.

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Govt considering SPV to buy bad loans of banks

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