MUMBAI/ NEW DELHI: India's plan to set up a bad bank may boost valuations and ease short-term stress for state-owned lenders, but bankers and sector insiders are concerned it will not solve deeper problems.
Finance Minister Nirmala Sitharaman has proposed creating an asset reconstruction company (ARC) for India's bad-debt laden lenders to offload soured assets, which some analysts estimate now total US$100 billion.
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