Banking
Indian bank bad loan sales to ARCs surge 50% YoY in Q1 to ₹47,000 crore
BullishBanking
Asset reconstruction companies (ARCs) in India acquired non-performing assets (NPAs) worth ₹47,000 crore from banks in the first quarter of the fiscal year. This represents a 50% year-on-year increase, signaling an accelerated pace of balance sheet cleanup by Indian lenders.
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