Question

Which restriction was lifted by the RBI on ECL Finance

Q: Answer-Which restriction was lifted by the RBI on ECL Finance Ltd. and Edelweiss ARC?

The RBI lifted restrictions related to structured wholesale transactions for ECL Finance and financial asset acquisitions for Edelweiss ARC after compliance improvements.

Ltd. and Edelweiss ARC?

A Prohibition of trading securities

B Restriction on issuing new loans to customers

C Ban on structured wholesale transactions and acquiring financial assets

D Suspension of employee hiring

E Prohibition on foreign investments

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Which restriction was lifted by the RBI on ECL Finance

Solution