Question: “In recent times bad loans have been one of the major issues in the Indian Economy”. In the light of this statement, discuss how Bad Banks had played a significant role in handling the bad loans and challenges faced by them with suitable examples.
- Introductionwith what are bad loans and what is its current status in the Indian Economy.
- Explain the Bad banks and how they help in resolution of the bad loans in India.
- Highlight the challenges faced by bad banks in the resolution of the bad loans with suitable examples.
- Conclude with the impact of bad loans in the livelihoods and their resolution in maintaining a healthy economy.