BAD BANK : AN OUTLINE IN INDIA

India's economic survey recommended creating a public sector asset rehabilitation agency in 2017, which is when the concept of establishing a bad bank in India was first proposed. The significance of the idea increased as a result of the rising issue of non-performing assets. The financial catastrophe experienced during the COVID-19 epidemic, which was essentially a bad bank idea developed by the USA in the late 1980s, becomes an essential component. It was anticipated that the bad bank would assist conventional banks by acquiring their hazardous assets, typically for less than the book value of the loans, and handling them to eventually recoup the lost funds.