Page 5 - மையப்படுத்தப்பட்ட கட்டணம் அமைப்புகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

URL copied RBI to set up panel to undertake review of ARCs. To facilitate smooth functioning of Asset Reconstruction Companies (ARCs), the Reserve Bank of India (RBI) on Wednesday (April 7) decided to set up a panel to undertake a comprehensive review of the working of such institutions. In the latest Budget, Union Finance Minister Nirmala Sitharaman announced setting up of ARC and Asset Management Company to tackle stressed assets. After enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of these companies.

Nirmala sitharamanShaktikanta dasAsset management companyRegulatory authorityAsset reconstruction companies arcsAsset reconstruction companyWarehousing developmentImage sourceAsset reconstruction companiesReserve bankUnion finance minister nirmala sitharamanFinancial assetsSecurity interestAsset reconstruction company limitedAlternate investment fundsCentralised payment systems