To streamline the functioning of asset reconstruction companies (ARCs), a Reserve Bank panel has come out with a host of suggestions including the creation of an online platform for the sale of stressed assets and allowing ARCs to act as resolution applicants during the IBC process. To improve the performance of ARCs, the RBI had appointed the committee to examine the issues and recommend measures for enabling ARCs to meet the growing requirements of the financial sector. The committee, headed by former RBI Executive Director Sudarshan Sen, suggested that the scope of Section 5 of the SARFAESI Act be expanded to permit ARCs to acquire financial assets from all regulated entities, including AIFs, FPIs, AMCs making investment on behalf of MFs and all NBFCs including HFCs. For accounts above ₹500 crore, two bank-approved external valuers should carry out a valuation to determine liquidation value and fair market value. “Also, the final approval of the reserve price should be given by a high-level committee that has the power to approve the corresponding write-off of the loan,”.
The difference between the price paid by the consumer and the price received by the farmer is
Which of the following bring ease in adoption of zero till system?
What is depicted by the concave shape of the production possibilities curve?
Which of the following is not a Rabi season crop?
Causal agent of Bacterial spot in citrus?
Potassium metabisulhpite is used as a stable source of
Common Peacock Butterfly; _________ is state butterfly of Uttarakhand.
What’s the total horticulture production of India as per the 2nd advance estimates of 2020-21
What is the colustrum requirement for the new born calf on the basis of body weight
Which of the following crops can yield the highest quantity of green fodder?