Bad bank is a great initiative but can turn into an accounting gimmick unless foreign investors are brought in: K Balasubramanian, Citibank India

Bad bank is a great initiative and much needed for the country, with most public sector banks carrying a high level of non-performing loans. This would free up capital for banks saddled with bad assets. It will be helpful for them to concentrate on regular good business.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/bad-bank-is-a-great-initiative-but-can-turn-into-an-accounting-gimmick-unless-foreign-investors-are-brought-in-k-balasubramanian-citibank-india/articleshow/81341617.cms