State-backed bad bank to commence operations in January - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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State-backed bad bank to commence operations in January

The bad bank plans to recruit as many as 50 professional executives for the asset management company (AMC) — India Debt Resolution Company Ltd (IDRCL) — to begin with, said people familiar with the matter. The bad bank’s regulatory framework is being worked out.

from Stocks-Markets-Economic Times
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