The Indian Banks’ Association wants to transfer accounts where fraudulent activities have been detected to the new entity that will hold their risky assets. It is also proposing to sell bad loans at book value to the asset reconstruction company (ARC).source https://economictimes.indiatimes.com/industry/banking/finance/banking/why-ibas-proposal-to-have-govt-backed-bad-bank-could-hit-a-wall/articleshow/75767087.cms
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