Public banks' shares tumble on Economic Survey's privatisation, PARA move
To tackle the bad loans problem, the economic Survey 2016-17, has suggested creation of a centralised Public Sector Asset Rehabilitation Agency (PARA) that could take charge of the largest, most difficult cases, and make politically tough decisions to reduce debt.
Nifty PSU index tumbled over 37 points or 1.16%, trading at 3,185.85. Photo: Pixabay