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RBI Eases Settlement Guidelines for ARCs
The New Indian Express Nagapattinam
|January 21, 2025
THE Reserve Bank has provided a level playing field to asset reconstruction companies (ARCs) with banks and non-banking financial companies by easing norms for settling dues payable by borrowers.
With the NCLTs becoming the better preferred choice for lenders to settle unpaid accounts, ARCs have been struggling to survive, forcing many of them to look for retail accounts, which do not go to NCLTs.
This story is from the January 21, 2025 edition of The New Indian Express Nagapattinam.
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