News: ARCs should be treated equally with National Asset Reconstruction Company Ltd (NARCL). In many countries, the national bad banks, set up to help clean the balance sheets of banks, make losses. This is because they buy non-performing assets (NPAs) from banks at inflated value, and sell them at market value after efforts to revive… Continue reading A fair playing field for ARCs to rival our new bad bank
Tag: ARC
Asset Reconstruction Company – Concepts Simplified | Prelims Capsules 2021
The concept of Asset Reconstruction Company is very important for UPSC exam due to the proposal of setting up bad banks. This proposal was put forward by the government in the recent Union Budget 2021-22. Contents0.1 What is an Asset Reconstruction Company (ARC)?0.2 Origin of Asset Reconstruction Companies (ARCs) in India0.3 Functions of an Asset… Continue reading Asset Reconstruction Company – Concepts Simplified | Prelims Capsules 2021
