Last year, the Indian Banks' Association (IBA) had made a proposal for the creation of a bad bank for swift resolution of non-performing assets (NPAs). The government accepted the proposal and decided to go for asset reconstruction company (ARC) and asset management company (AMC) model for this.source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-likely-to-transfer-about-80-large-npa-accounts-to-narcl/articleshow/82798926.cms
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