Two international banks are close to picking up stake in the Mumbai-based International Asset Reconstruction Company (IARC), promoted by former State Bank of India Chairman M S Verma and former India head of Bank of America Arun Duggal.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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2 banks to buy stake in asset recast company

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