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  • News From Press AMC/AIF for banks to resolve bad loans faces roadblocks

    AMC/AIF for banks to resolve bad loans faces roadblocks

    Source: The Hindu BusinessLine Oct 17, 2018

    The Sunil Mehta Committee’s recommendation for floating an independent asset management company (AMC) and an alternative investment fund (AIF) to help banks resolve their big-ticket stressed assets is unlikely to get off the drawing board due to lack of consensus among lenders.

    The issues that have bedevilled the formation of the AMC include those related to price discovery and discount at which stressed assets can be sold by banks to the company.

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