Asset Reconstruction Companies (ARC’s) Current Affairs, GK & News
Budget 2021: New Asset Reconstruction and Asset Management Company to be set up
The finance Minister of India, Nirmala Sitharaman, has announced during the presentation of the Union Budget 2021 that a new asset reconstruction and asset management company will be set up in India. Key facts The new Asset reconstruction and asset management company will look after the Non-Performing Assets (NPAs) of stressed banks. New amendments will ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: Asset Reconstruction Companies (ARC’s) • New Asset Reconstruction and Asset Management Company • Non-performing Asset • SARFAESI Act 2002 • Union Budget 2021
RBI set up Task Force on Secondary Market for Corporate Loans
The Reserve Bank of India (RBI) constituted a task force on secondary market development in corporate loans. About Task Force on Development of Secondary Market for Corporate Loans Composition: It is a six-member body and is headed by Canara Bank chairman T. N. Manoharan. The task force shall submit its report to RBI by end ..
Month: Current Affairs - May, 2019
Category: Economy & Banking Current Affairs
Topics: Asset Reconstruction Companies (ARC’s) • Indian Economy • Loan Contract Registry • Loan Transaction Platform for Stressed Assets • Reserve Bank of India (RBI) • Secondary Market for Corporate Loans • Task Force on Development of Secondary Market for Corporate Loans