Merchant Banking and Financial Services, III Semester (MBA), UNIT-1
Definition of Asset Reconstruction Company India Limited (ARCIL)
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Asset Reconstruction Company India Limited is a financial institution, which was established under Reserve Bank of India (RBI) under Section 3 of the SRFAESI (Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest) Act 2002.
Asset Reconstruction
Company India Limited is a financial institution, which was established under
Reserve Bank of India (RBI) under Section 3 of the SRFAESI (Securitisation and
Reconstruction of Financial Assets & Enforcement of Security Interest) Act
2002. It was formed as a Securitization and Reconstruction Company to acquire
nonperforming assets (NPAs) from financial institutions and banks with the
objective of focused management of these assets and maximization of recovery.
Tags : Merchant Banking and Financial Services, III Semester (MBA), UNIT-1
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