 "RBI, reserve bank of india")
Banks, especially public sector lenders, are planning to approach the Reserve Bank of India (RBI) to seek leeway in certain conditions for a new asset reconstruction company (ARC). The proposed ARC intends to take over bad loans of public sector banks (PSBs).
At present, the RBI mandates banks to seek bids from prospective investors for better price discovery. In the case of PSBS, which will move non-performing assets (NPAs) to the proposed ARC, it is a transfer of assets, not sale.
Besides, banks may have to make additional provisions when the ARC issues security receipts (SRs) when taking
At present, the RBI mandates banks to seek bids from prospective investors for better price discovery. In the case of PSBS, which will move non-performing assets (NPAs) to the proposed ARC, it is a transfer of assets, not sale.
Besides, banks may have to make additional provisions when the ARC issues security receipts (SRs) when taking
