Day: February 1, 2021

Fair-practice norms may prompt ARCs to cherry-pick deals, improve transparency

While the Indian stressed asset market is often seen as dismal, globalization has tightened the screws on the government and regulators to take decisive action.  Earlier, India’s bad debt headache was alleviated somewhat with the introduction of the SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest), allowing banks to recover […]

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