Bad Bank's chairman Karnam Sekar resigns after proposal to merge with IDRCL

The bad bank, officially known as National Asset Reconstruction Company of India (NARCL), was set up a year ago to acquire the sticky loans of high-street banks. There was a proposal to merge NARCL with India Debt Resolution Company Ltd (IDRCL), which led to Sekar's resignation.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T9Leo8n
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