RBI Deputy Governor Swaminathan J. disclosed in a recent speech that some Indian Asset Reconstruction Companies (ARCs) have been skirting regulations, aiding in the "evergreening" of distressed assets. The RBI has ramped up supervision to curb systemic risks and ensure compliance. Swaminathan urged ARC boards to prioritize assurance functions like risk management and internal audit to identify and mitigate risks effectively. Read The Rest at :
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