The banks have been told any actions they take against bad debtors must be in line with the central government’s macroeconomic policies, policies on individual sectors, and those on money supply directives. Photo: Reuters

Banking regulator launches debt committee plan to better handle troubled borrowers

Committees should safeguard rights and interests of banks and also organise orderly debt restructuring for firms

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The banks have been told any actions they take against bad debtors must be in line with the central government’s macroeconomic policies, policies on individual sectors, and those on money supply directives. Photo: Reuters
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