At the crossroads: How are ARCs to augment their capital to Rs 300 crore? The asset reconstruction business is in for a big change, but there are doubts if this will lead to better results Premium The RBI had made it clear that in respect of a specific corporate insolvency resolution process, ARCs will not retain significant influence or control …
To facilitate smooth functioning of Asset Reconstruction Companies, the Reserve Bank of India on Wednesday decided to set up a panel to undertake a comprehensive review of the working of such institutions. "Since then, ARCs have grown in number and size but their potential for resolving stressed assets is yet to be realised fully," RBI Governor Shaktikanta Das said on …
