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Will the NARCL cleanse India’s banking system?

The answer to that depends on learning from global lessons in this respect. For instance, political will and consensus is one crucial ingredient for success

September 17, 2021 / 01:24 PM IST
Will the NARCL cleanse India’s banking system?

A crucial reform for the Indian banking sector was finance minister Nirmala Sitharaman’s proposal to an asset reconstruction company (ARC) and an asset management company (AMC) to resolve the Indian banking sector’s non-performing assets (NPA) problem. This is now moving forward with the establishment of a National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRL) as the AMC serving the NARCL. Given that we have tried multiple attempts to resolve the NPA problem, why should this one be...

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