The NARCL must attract top-quality talent, says Kroll's Tarun Bhatia

'My sense is that the NARCL will have to recruit good talent', says Bhatia

The National Asset Reconstruction Company (NARCL) can be a game-changer in cleaning up India’s bad-loan mountain and help banks to lend more freely to India Inc. But will the new agency fire in the way it has been imagined? TARUN BHATIA, managing director and head of South Asia (forensic investigations and intelligence) at Kroll, spoke to Raghu Mohan. Edited excerpts:

Banks are to hold a 50 per cent stake in the NARCL, and security receipts are to be issued. How is this a big material change, as it only amounts to a transfer of what was shown on banks’ loan book