RBI Action against Edelweiss Group Follows Warning by Deputy

RBI Action against Edelweiss Group Follows Warning by Deputy Governor Swaminathan on ARCs Circumventing Regulations

Emphasising that the potential of asset reconstruction companies (ARCs) for resolving stressed assets within the system can only be realised with sound governance and adherence to ethical practices by responsible ownership and professional management, Reserve Bank of India (RBI) says the boards of ARCs should ensure they do the right thing without needing the regulator to point it out to them.

Related Keywords

Mumbai , Maharashtra , India , , Edelweiss Asset Reconstruction Company Ltd , Reserve Bank , Financial Assets , Security Interest , Some Operations , Circumventing Regulations , Evergreening Stressed Exposures ,

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