People are seen silhouetted shaking hands at an event. (Photographer: Aaron M. Sprecher/Bloomberg)
After years of debate, India’s bad bank is on the way to being set up.The structure for the National Asset Reconstruction Company Ltd. is still in the works, the entity is yet to be registered and an ARC license is pending. But lenders have started identifying accounts they intend to sell to this entity to reduce their own burden of resolution.The government will provide a guarantee of Rs 31,000 crore for a period of five years, Bloo...