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11Jun 2024
“CRISIL PREDICTS 16-18% RECOVERY RATE FOR ARCS BY MARCH 2025”
Why in the news? Crisil predicts ARCs will see a recovery rate increase to 16-18% by March 2025 due to improved residential real estate conditions. Recovery driven by demand, price appreciation, and regulatory amendments aiding resolution of stressed real estate projects. source:geeksforgeeks About Asset Reconstruction Companies (ARCs): Specialized financial institutions purchasing bank bad debts to …
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