India's bad bank framework to merge NARCL and IDRCL
pre-market1 source ↓written by the desknot a recommendation
- pending regulatory approvals
- 6-9 months
- in March 2018
- 16%
- by March 2025
- 2.3%
India's bad bank framework is set for a structural overhaul as the NARCL and IDRCL plan to merge. This move aims to streamline asset acquisition and resolution functions, with the merger expected to take 6-9 months pending regulatory approvals. The framework was introduced to address high non-performing assets, which peaked at 16% in March 2018, now reduced to 2.3% by March 2025.
Not investment advice. For informational purposes only.