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RBI tightens norms for ARCs to acquire financial assets
December 6, 2019 | By Livemint.com
business
RBI stops asset reconstruction companies from buying assets from sponsor banks or financial institutions via bilateral deals .An ARC shall not acquire assets in a bilateral deal from a bank or financial institution, which is either a lender to the ARC or a su…
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New Delhi: The Reserve Bank of India (RBI) on Friday tightened norms for asset reconstruction companies (ARCs), restricting them from buying financial assets from their sponsor firms and lenders on a bilateral basis. However, the regulator has allowed the ARC
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