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RBI bars Edelweiss ARC from acquiring assets, cites supervisory concerns

By Economic Times - 6 months ago
The Reserve Bank of India (RBI) banned Edelweiss Asset Reconstruction Company Limited (EARCL) from acquiring financial assets due to concerns observed during a supervisory examination. RBI cited actions by group entities, including structured transactions, allegedly circumventing regulations. EARCL was directed to cease acquiring financial assets and reorganizing existing security receipts.

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