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RBI DEPUTY GOVERNORS RAISE SUPERVISORY CONCERNS AT ASSET RECONSTRUCTION FIRMS

Why in the news? RBI raises concerns over alleged unethical practices in asset reconstruction companies (ARCs). ARCs urged to prioritise governance and ethical conduct. Conference organised in Mumbai to address these issues. source:scribd About Asset Reconstruction Company (ARC): Specialised financial institution acquiring and managing distressed assets like NPAs. Banks offload troubled loans to ARCs at …

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