Which of the following entities is responsible for

Q: Answer-Which of the following entities is responsible for regulating Asset Reconstruction Companies (ARCs)...

Asset Reconstruction Companies ARCs are regulated by the RBI under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest SARFAESI Act, 2002. Their role is to acquire and manage Non-Performing Assets NPAs of banks.

regulating Asset Reconstruction Companies (ARCs) in India?

A Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer

B Reserve Bank of India (RBI) Correct Answer Incorrect Answer

C Ministry of Finance Correct Answer Incorrect Answer

D National Company Law Tribunal (NCLT) Correct Answer Incorrect Answer

E Indian Banks’ Association (IBA) Correct Answer Incorrect Answer

Solution

Asset Reconstruction Companies (ARCs) are regulated by the RBI under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. Their role is to acquire and manage Non-Performing Assets (NPAs) of banks.

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