Assets under ARCs shrink in Q1 as bad loan nos drop – Times of India
MUMBAI: Assets under management of ARCs have dropped owing to fewer loan defaults and reduced corporate lending. In the June quarter, AUM declined by Rs 2,632 crore for the first…
‘Concerns over ARCs fronting for defaulters’ – Times of India
MUMBAI: RBI deputy governor M Rajeshwar Rao has raised concerns of asset reconstruction companies fronting for defaulters in purchasing businesses. Rao also called upon ARCs to bring in enough of…