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Reputation: 642,945  •  Jun 3, 2021 1:46 AM
Banks, asset managers want RBI to allow sale of fraud loans to ARC
Banks, asset managers want RBI to allow sale of fraud loans to ARC
Stakeholders believe that since there has been negligible recovery in such fraud cases from either the bankruptcy mechanism or the DRT, allowing such accounts to be sold to ARCs could fetch better returns and free up capital for fresh growth.
The Economic Times

https://economictimes.indiatimes.com/industry/banking/fin...
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