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A Reserve Bank of India (RBI) panel has suggested for overhauling rules to govern Asset Reconstruction Companies (ARC).
Recommendations of the panel
RBI panel recommends for:
About the Asset Reconstruction Company (ARC)
ARC is a specialized financial institution which buys the Non-Performing Assets (NPAs) from banks and financial institutions in order to clean up their balance sheets. ARC helps banks to concentrate in normal banking activities. It provides opportunities for banks to sell bad assets to ARCs, at mutually agreed value, rather than going after the defaulters.
By: Brijesh Kumar ProfileResourcesReport error
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