The Finance Minister announced this committee in the budget.
This committee of the Reserve Bank will submit its report to the central bank within 3 months after its first meeting. This committee will review the law and regulatory framework applicable to ARCs.
New Delhi. Indian Reserve Bank Off India (RBI) has Asset Reconstruction The companies (ARCs) Of Regulation Of review Of for 6 Member Committee Of Build did is. RBI Of East Executive Director Sudarshan Sen (Sudarshan Sen) Of Presided over In this Committee Stressed Loan Of Settlement (stressed debt resolution) In ARCs By Played Know Wali Role And Their Business The model To Review Will do this The committee mine First The meeting Having after his 3 Month Of Inside mine Report RBI To Handed over Will give this The committee ARCs On Applicable law And Regulatory The framework Of review Will do with Only ARCs Of The ability To To enhance Of Advice Will give And Insolvency And Bankruptcy Code (Insolvency & Bankruptcy Code) Of Under Stressed Loan Of Resolution In Their Role Of review Will do
These will be other members of the team
Asset Reconstruction The companies Of Regulation Of review Of for Made Has gone this Committee In Sudarshan Sen Of Apart from ICICI Bank Of Executive Director Visakha Mule (Vishakha Mulye), SBI Of East Deputy Managing Director PN Holy offerings (PN Prasad), MDI In Economics Of Professor Rohit Holy offerings (Rohit Prasad), Earnest And Yeg Of The partner Abijer Diwanji (Abizer Diwanji) And Chartered Accountant R happiness (R Anand) Include Huh.
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The finance minister announced in the budget
Know country Of Banking The system In Stuck debt (NPAs) Of problem last many year From continuously Made Hui is. Whom With Reserve Bank Off India (RBI) has this About In One Report Too Ongoing Of was. after which Modi Government (Modi Government) has NPA Of Settlement Tax Banks Of burden Less To do Of Preparation Tax Lee is. Finance Minister Nirmala Sitharaman has Budget In Private Asset Reconstruction Company (ARC) Make Of Announcement did Was.
September 2021 By 13.5 Percent Increased Will go NPA
RBI has mine Financial Stability Report In Mounting NPA To With Warning Given was. RBI Of this Report In said Gone Was That September 2021 By Banks Of NPA September 2020 Of 7.5 Percent From increase 13.5 Percent By the access Will go. Extremely bad Event In this September 2021 By 14.8 Percent By Too Go can is, that last two Decade Of from all the high Level Will happen.
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What work Does is ARC
you Tell Give That Financial Institutions And Landers Ours Stressed i.e Drowned Hue Assets ARCs To Discount On Sell Giving Huh. Landers Cash or Security Deposit With ARCs To Stressed Asset Sell Huh. In Recepts To Then Readym did Go can is when ARCs That Loan To Recover Tax Take Huh.