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4. The proposal of floating Bad Bank has its merits. However, in Indian context, making it a success poses significant challenges. Discuss.
Approach:
♤ In the introduction, give an overview of the problem which has given rise to the proposal of bad bank and also explain the idea of bad bank briefly.
♤ Write about the merits and challenges associated with the bad bank.
♤ In the conclusion, mention the way forward.