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As the agency has the benefit of aggregation, its decisions will not be influenced by which bank has had the maximum stake

The band bank hopes to recover between Rs 50,000 crore and Rs 64,000 crore of NPA.

Public sector banks and financial institutions will own 51% stake, while private sector lenders will hold 49% stake in NARCL

A bad bank is a bank that will take over the bad loans of other banks.

As far as depositors are concerned, the biggest implication now will be that banks will have more bandwidth to deal with their credit requirements

If smooth implementation can be achieved, the bad bank can increase the robustness of the banking system by reducing NPA from their books.

NARCL has been set up with an authorised capital of Rs 100 crore and classified as a "Union government company", the RoC filings showed

Various public sector banks (PSBs) have also announced that they have earmarked a significant portion of their NPAs to be transferred to NARCL