Indian financial markets witnessed two crucial reforms earlier this year. SEBI came out with a dedicated regulatory framework for special situation funds (SSFs). And, the RBI approved the new dual-structure bad bank, NARCL-IDRCL. Both these reforms are aimed at solving India’s bad debt problem. While the bad bank is an upgraded version of the existing asset restructuring companies (ARCs) model, the SSF is a relatively novel concept.
This article was originally published in The Indian Express on 16 March 2022 Written by: Pratik Datta, Senior Research Fellow. Click here for original article
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