'Bad bank' could help if designed right: RBI Deputy Governor Viral Acharya

The Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday joined the debate over creating a so-called "bad bank" to handle record sour assets in the nation's banks, saying it could help if "designed properly". Banks in India had record stressed loans of $133 billion, or 12.

34 per cent of their total loans, as of last September. About two dozen state-owned lenders, which own nearly 70 per cent of India's banking assets, have an even higher stressed-loan ratio of 15.88 per cent, according.....

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