Banks likely to transfer about 80 large NPA accounts to NARCL

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.

from Banking/Finance-Industry-Economic Times https://ift.tt/2RBElmx