The committee, headed by Sudarshan Sen, former Executive Director, RBI, has given time till May 31, for receiving all the views and suggestions before it finalises its recommendations.As p
RBI panel on ARCs invites views from market participants, other stakeholders
The committee will review existing legal and regulatory framework applicable to ARCs and recommend measures to improve their efficacy. It ll also review the role of ARCs in resolution of stressed assets, including under IBC
BusinessToday.In | April 28, 2021 | Updated 15:13 IST
The panel will be headed by former RBI executive director Sudarshan Sen
The Reserve Bank of India (RBI) has said the committee on Asset Reconstruction Companies (ARCs) has invited views and suggestions from market participants and other stakeholders. The RBI on April 7 announced the setting up of a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem.
RBI Committee on ARCs invites views, suggestions from stakeholders by May 31 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
RBI invites suggestions from market participants, stakeholders on Asset Reconstruction Companies
RBI invites suggestions from stakeholders on ARCs
On April 7, during the bi-monetary policy announcement, the Reserve Bank of India (RBI) had announced the setting up of a committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem. Now, the banking regulator has invited views and suggestions from various stakeholders on various aspects of ARCs.
The views and suggestions are invited around: review of existing legal and regulatory framework applicable to ARCs and recommend measures to improve efficacy of ARCs; review of role of ARCs in resolution of stressed assets including under Insolvency & Bankruptcy Code (IBC), 2016; suggestions for improving liquidity in and trading of security receipts; review of business models of the ARCs; and any other matter relevant to the functioning, transparency and governance of
The Reserve Bank of India constituted committee on Asset Reconstruction Companies (ARCs) has invited ARCs, market participants and other stakeholders to share their views and suggestions on the issue of working of such companies.The committee, .