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Enumerate the steps taken so far to expedite and enable resolution of NPAs in India. Critically analyse the potential of National Asset Reconstruction Company Ltd (NARCL) as the “Bad Bank” in addressing the issue of NPAs.

 

18. Enumerate the steps taken so far to expedite and enable resolution of NPAs in India. Critically analyse the potential of National Asset Reconstruction Company Ltd (NARCL) as the “Bad Bank” in addressing the issue of NPAs. (250 words, 15 marks)