https://www.taxtmi.com/news?id=24239 The government has established a Bad Bank comprising an Asset Reconstruction Company and an Asset Management Company to consolidate, acquire and manage existing stressed debt from banks for disposal to Alternate Investment Funds and other investors; the National Asset Reconstruction Company Limited has been incorporated and transfers will proceed under the Reserve Bank of India regulatory framework for ARCs, with identification and transfer of non-performing assets an ongoing process. en-us Mon, 19 Jul 2021 19:17:17 +0530 Mon, 19 Jul 2021 19:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24239 The government has established a Bad Bank comprising an Asset Reconstruction Company and an Asset Management Company to consolidate, acquire and manage existing stressed debt from banks for disposal to Alternate Investment Funds and other investors; the National Asset Reconstruction Company Limited has been incorporated and transfers will proceed under the Reserve Bank of India regulatory framework for ARCs, with identification and transfer of non-performing assets an ongoing process. News - Mon, 19 Jul 2021 19:17:17 +0530 https://www.taxtmi.com/news?id=24239