Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs) - ఆర్బిఐ - Reserve Bank of India
Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs)
RBI/DNBR/2018-19/227 June 28, 2019 The Chairman/Managing Director/Chief Executive Officer Dear Sir/Madam, Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs) Please refer to Circular DNBS (PD) CC.No.35/SCRC/26.03.001/2013-2014 dated January 23, 2014 on the captioned subject. 2. In view of amendment to the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, it has been decided to permit ARCs to acquire financial asset from other ARCs on following conditions:
Yours faithfully, (Manoranjan Mishra) |