Business Today

THE EMERGING TOOLKIT

National Asset Reconstruc­tion Company Ltd or Bad Bank

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Clearly defined mandate to resolve PSBs’ bad loan problem

A sunset clause to fold up the bank after five or eight years

Allowing participat­ion of ARCs in bankruptcy like a resolution applicant

Profession­al set-up with sector specialist­s, no bankers on deputation

Transparen­cy in dealings, an advisory board with eminent profession­als as members

Better coordinati­on among lenders for selling bad assets

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