Asset recast companies hopeful of RBI fillip to help tackle Rs 6 lakh crore of soured loans
Asset reconstruction companies (ARC) are awaiting the next set of central bank guidelines, including widening the definition of qualified buyers to include high net worth individuals (HNIs) and corporates and permitting ARCs to acquire distressed assets from all financial entities. These changes could help clean up ₹6 lakh crore of soured advances.
The Reserve Bank of India (RBI) constituted a Committee to review the working of ARCs which submitted its report in September 2021. Thereafte ..
Read more at: ECONOMIC TIMES
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