Finance minister Nirmala Sitharaman announced an asset reconstruction company (ARC) will be set up to consolidate and take over the existing stressed debt from banks to sell them to alternative investment funds (AIFs) and other potential investors later.source https://economictimes.indiatimes.com/industry/banking/finance/banking/why-budget-proposal-for-setting-up-of-a-bad-bank-is-a-good-idea/articleshow/80639840.cms
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