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WebMay 23, 2024 · The bad bank in India will be called National Asset Reconstruction Ltd (NARC). This NARC will work as an asset reconstruction company. It will buy bad loans from the banks, thereby relieving them from the NPA. NARC will then attempt to sell the stressed loans to buyers of distressed debt. Distressed debt basically bonds from bankrupt … Web19 hours ago · HDFC Bank Ltd , India's largest private lender, on Saturday reported a 19.8% jump in net profit for the January-March quarter, aided by healthy net interest income and …
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