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Updated Feb 02, 2021 | 07:03 IST Finance Minister Nirmala Sitharaman has proposed creating an asset reconstruction company (ARC) for India s bad-debt laden lenders to offload soured assets. ARC may only give banks respite from toxic debt flood | Photo Credit: BCCL 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 $100 billion. It is a good move but there are more fundamental issues on how to recognise problem loans early and resolve them, which still need to be fixed, Sanjoy Datta, Deloitte India financial services practice head, said of the budget proposal. ....
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