THE FINE PRINT

NARCL to acquire assets by making an offer to the lead bank

Once the offer is accepted, India Debt Resolution Company, in which PSBS will hold up to 49% stake, will be engaged for management and value addition

NARCL to resolve stressed loans above ~500 crore each, amounting to about ~2 trillion

Fully provisioned assets of ~90,000 crore to be transferred to NARCL in first phase

The framework will facilitate freeing up of personnel in banks to focus on increasing business and credit growth