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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
On the final day of Stoopfest 2023, I had the pleasure of speaking with the members of Detroit ska band J Navarro & The Traitors. I last saw the band on April 4, 2022, when they opened for The English Beat at the Majestic Theatre and was thrilled when I heard they were coming to...
On the final day of Stoopfest 2023, I had the pleasure of speaking with the members of Detroit ska band J Navarro & The Traitors. I last saw the band on April 4, 2022, when they opened for The English Beat at the Majestic Theatre and was thrilled when I heard they were coming to...
[For the entire month of January, Portland Music Month features 100+ musical acts designed to get you into our city's great clubs and venues, and $1 from each ticket goes to support individual music artists and their professional needs. Find out a lot more here, and enjoy the following preview of an upcoming Portland Music Month pick!—eds.] This Saturday, January 8, Portland Music Month has curated a sonic romp through select pieces of America’s musical...
Synopsis Central bank governor Shaktikanta Das said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will be a new asset reconstruction company (ARC) set up by public sector lenders to take over bad assets. PTI Central bank governor Shaktikanta Das on Thursday said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will be a new asset reconstruction company (ARC) set up by public sector lenders to take over bad assets. The new entity will, he said, in no way jeopardise the functioning of existing ARCs. “What...