..............The first and foremost issue, is that the government, in conjunction with the regulator, must announce some clear enablers to be put in place to control the bulge in bad assets. While banks can continue to make all-out efforts to clean up their balance sheet, the government can do its bit here. Take the example of asset reconstruction companies (ARCs) in this case. ARCs’ is a clear case of “damned if you do and damned if you don’t” for the banks! For example, ...........
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