Two parliamentary committees the Public Accounts Committee and the Standing Committee on Finance have meanwhile studied the problem of stressed loans in the banking system and expressed outrage, recommending measures such as forensic audit of bad loans. The Finance Ministry is now reportedly working towards the creation of a public-funded asset
Something belonging to an individual or a business that has value or the power to earn money (FT). The opposite of assets are liabilities, that is the part of the balance sheet reflecting a companys resources (the capital contributed by the partners, provisions for contingencies and charges, as well as the outstanding debts).
reconstruction company (ARC), which will buy off the b…
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