The Reserve Bank of India announced on Tuesday, December 17, that it has lifted restrictions imposed on two Edelweiss Group entities. According to the RBI, the restrictions on ECL Finance and Edelweiss Asset Reconstruction Company were lifted after both entities took the necessary remedial actions and committed to continuously complying with regulatory guidelines. RBI restrictions on Edelweiss Group entities Additionally, …
The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited to cease and desist from the acquisition of financial assets, including security receipts, and reorganizing the existing SRs into senior and subordinate tranches. As we would now analyze, it would appear that Edelweiss and its group entities seem to have indulged in the …
