Bad Bank - A remedy for the NPA Illness

In the Budget for FY 2021-2022, Finance Minister Mrs. Nirmala Sitharaman announced that an Asset Reconstruction Company Limited (ARC) and Asset Management Company (AMC) will be set up to deal with the stressed assets of the public sector banks.

source https://www.caclubindia.com/articles/bad-bank-remedy-for-npa-illness-46235.asp