Sunil Mehta Panel Incorporates 'Sashakt India AMC' for Large NPAs

Sunil Mehta Panel Incorporates 'Sashakt India AMC' for Large NPAs

November 19, 2018
i. Sunil Mehta, the chairman of a bankers' panel working on the faster resolution of stressed assets in public sector banks, had announced that an asset management company (AMC)for resolving large bad loans has been formed and will be called as Sashakt India Asset Management.
ii. The panel is now working towards identifying potential investors for an alternate investment fund (AIF) which will fund the AMC.
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