India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

In early July, a panel led by Sunil Mehta, non-executive chairman at Punjab National Bank, proposed a five-pronged Project Sashakt to resolve the large pile of banks' bad debts. As per the project, banks must deal with bad loans of up to Rs 50 crore themselves and sign an Inter-Creditor ......