Thursday, July 16, 2020

RBI issues Fair Practices Code for Asset Reconstruction Companies

The Reserve Bank of India (RBI) on Thursday issued the Fair Practices Code for Asset Reconstruction Companies (ARC),  stating that these entities must follow transparent and non-discriminatory practices in the acquisition of assets. Asset Reconstruction Companies buy bad loans from banks to turn them around. In order to enhance transparency in the process of the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2B78vpH

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