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Special Teams to Tackle High-Value PSB Defaults

SPECIAL TEAMS TO TACKLE HIGH-VALUE DEFAULTED LOANS OF PSBs Why in the News? Government push: The Ministry of Finance has asked Public Sector Banks (PSBs) to set up special teams for high-value defaulted loan recovery (₹100 crore+). Resolution focus: Banks must reidentify top 10 stressed assets for priority resolution under CEO-level supervision. Performance backdrop: PSBs’ …

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