The Reserve Bank of India (RBI) has criticized asset reconstruction companies (ARCs) for their use of distressed assets and innovative structures to circumvent regulations. The DG, J Swaminathan, emphasized that ARCs' performance is less than optimal and that they are often used as conduits to evergreen distressed assets. The RBI is concerned about ARCs striking deals with defaulting promoters, giving them a back-door entry. Read The Rest at :
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