THE Modi government has laid out one more plan to “clean” the books of banks, especially public banks, by helping them get rid of Rs 2 lakh crore of loans gone ‘bad’. It has announced the creation of two institutions for the purpose. The National Asset Reconstruction Company Ltd (NARCL), or the “bad bank” in popular parlance, will take over the bad assets of the banks. The Indian Debt Resolution Company Ltd (IDRCL), armed with the necessary expertise, will ‘manage’ these assets and sell them at the ‘best possible’ price, to recover some of the money due to the banks.