Friday, July 25, 2014

Distressed assets in NBFCs & SARFAESI Act

Distressed assets in banks - Moneylife













The Reserve Bank of India  has decided to make recommendations to the government for allowing designated large NBFCs to assign stressed assets to ARCs under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002 (SARFAESI Act)






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