Bad Banks are typically Government sponsored Asset Reconstruction Companies (ARCs) setup with the primary objective of cleaning up bank balance sheets. Unlike private ARCs, the Bad Banks are setup as a one-time measure with the primary objective of reducing the build-up of Non-Performing Assets (NPAs) post a financial or economic crisis.
Response dated 15 January 2021 to the Working Document: Enforcement Mechanisms for Responsible #AIforAll released by the NITI Aayog in November 2020
This research note intends to offer a solution-oriented feedback to the Working Document: Enforcement Mechanisms for Responsible #AIforAll (Working Document) released by the NITI Aayog in November 2020.
The financial-legal framework envisaged by the FSLRC comprises nine important components, one of which is Micro-prudential regulation.