PSU banks seek RBI oversight on IDRCL for smooth NPA resolution

Under the unique twin-company structure, National Asset Reconstruction Company Ltd (NARCL) - the bad bank in which the majority shareholding is with public sector banks - would buy bad loans from commercial banks, while India Debt Resolution Company Ltd (IDRCL), where private sector institutions would hold 51% equity, would focus on the resolution of the loans purchased.

via Economictimes