RBI sets up panel to review ARCs
   Date :20-Apr-2021

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THE RBI on Monday set up a committee to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling them to meet the growing requirements. The six-member committee will be headed by Sudarshan Sen, former Executive Director, Reserve Bank of India. Earlier this month, the Reserve Bank of India had announced setting up of a committee to undertake a comprehensive review of the working of ARCs.