Banks, asset managers want RBI to allow sale of fraud loans to ARC - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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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.

from Stocks-Markets-Economic Times
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