RBI
The Reserve Bank of India has allowed asset reconstruction companies (ARCs) to purchase financial assets from the other ARCs. Transaction 2 should be fixed in cash between cash.In view of the Securitization and Reconstruction of Financial Assets and Amendment of Securities Interest Act, 2002, it has been decided to allow ARC to obtain financial assets from other ARCs.
important facts-
- RBI's 25th governor: Chastity Das,
- Headquarters: Mumbai
- Established: April 1, 1935, Kolkata.
EmoticonEmoticon