Bad bank starts rolling, to take up Rs 50,000 cr of accounts

While the assets will be on the books of NARCL an entity controlled by public sector banks, its resolution will be managed by Indian Debt Resolution Co Ltd (IDRCL) which will be controlled by private sector banks. Both the entities have received all approvals including a go ahead from the Reserve Bank of India (RBI), Khara said.

from Economic Times https://bit.ly/3o994Ex