Indusind Plans Arc To Recover Sticky Assets
IndusInd Bank is planning to set up an asset reconstruction company (ARC) and transfer a part of its non performing assets.
The bank is in talks with some international investors which specialises in junk bond investments to partner it for the ARC.
Bhaskar Ghose, managing director, said:
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First Published: Jan 22 2003 | 12:00 AM IST