RBI units up committee to assessment working of ARCs



The Reserve Bank of India (RBI) has constituted a six-member panel to hold out a complete assessment of the working of Asset Reconstruction Companies (ARCs) within the monetary sector ecosystem. The panel might be headed by former Executive Director of RBI, Sudarshan Sen.

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Other members of the panel embody:

  • Vishakha Mulye – Executive Director, ICICI Bank;
  • P N Prasad – former Dy. Managing Director, SBI;
  • Rohit Prasad – Professor of Economics, MDI, Gurgaon;
  • Abizer Diwanji – Partner, Ernst & Young;
  • R Anand – Chartered Accountant

Terms of reference for the panel:

  • Review present authorized and regulatory framework relevant to ARCs
  • Recommend measures to enhance the efficacy of ARCs.
  • Review enterprise fashions of ARCs.
  • Study position of ARCs within the decision of confused property together with below Insolvency & Bankruptcy Code (IBC), 2016.
  • Suggest methods for enhancing liquidity in and buying and selling of safety receipts.
  • Recommend appropriate measures for enabling ARCs to fulfill the rising necessities of the monetary sector.

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