Bad banks: How the good Samaritans for corporates came under the scanner

Asset reconstruction companies, jokingly referred to as scrap dealers in the financial market, were set up to free banks from the burden of stressed loans. Grappling with allegations of having cut sweetheart deals in the messy junk-loans market, these bad banks are trying to salvage their reputation amid the glare of regulators and investigative agencies.

from Economy-Prime-Economic Times