India ARC: RBI issues Master Direction for Asset Reconstruction Companies
The Reserve Bank of India (RBI) issues Master Direction to Asset Reconstruction Companies (ARCs), critical for resolving stressed financial assets and improving the health of the financial system. The directive outlines requirements for ARCs, including minimum net owned fund, registration, investment limitations, capital adequacy, leadership tenure, and reporting of irregularities
Nirmala Sitharaman Asset Reconstruction Companies Asset Reconstruction Company Union Budget Indian Banks Association Reserve Bank
Source: indiatimes.com