RBI constitutes six-member panel headed by former ED to review ARCs

The Reserve Bank of India has formed a six-member panel headed by Sudarshan Sen, former Executive Director, to carry out comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem.

The panel will recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector.

RBI in a statement said besides Sen other members of panel are Vishakha Mulye, Executive Director, ICICI Bank; P N Prasad, former Dy. Managing Director, SBI; Rohit Prasad, Professor of Economics, MDI, Gurgaon; Abizer Diwanji, Partner, Ernst & Young; and R Anand, Chartered Accountant.

The Committee