Finance

Rules for Asset Reconstruction Companies likely to be reviewed

It is most likely that a task force will be created by the RBI to revisit the Rules for ARCs which were originally brought up with the SARFAESI.

The move has been taken in order to determine the role of ARCs in the new Insolvency and Bankruptcy Code, to make private equity and capital venture fund route to ARCs, and to activate the struggling market for bad loans.

Source: The Economic Times

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