Bad bank to help state-owned lenders, capital outlay needs to be watched: Analysts

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Bad bank to help state-owned lenders, capital outlay needs to be watched: Analysts
PTI
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Synopsis

However, at least one existing asset reconstruction company (ARC) opposed the move to create another ARC-Asset Management Company, with Arcil asking for the idea to be "avoided".

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Amid calls for creation of a bad bank, Finance Minister Nirmala Sitharaman proposed the creation of the special vehicle to house the bad debt in the Union Budget announced earlier in the day.

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