Security Receipt Current Affairs, GK & News

Cabinet approves decks for NARCL

Union Government has approved the decks for National Asset reconstruction Company Limited (NARCL) on September 16, 2021. Highlights This proposal requires the government to guarantee Security Receipts (SR) issued by NARCL, while buying non-performing assets (NPAs) from banks. This move will clear the path for launching NARCL. Who issue security receipts? Security Receipts (SR) are ..

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RBI permits ARC to buy financial assets from Peers

The Reserve Bank of India (RBI) has permitted Asset Reconstruction Companies (ARCs) to acquire financial assets from peers i.e. other such entities. However, RBI, the apex banking regulator cleared that all such transactions have to be settled in cash. Key Highlights The ARCs have been allowed to acquire financial assets from other ARCs, in the ..

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