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Role of Asset Reconstruction Companies (ARCs) in Handling Non-Performing Assets (NPA) in Banking
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SMD Azash
Research Scholar at Sri Krishnadevaraya University, India
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Dr. S.V. Pulla Reddy
Professor at Sri Krishnadevaraya University, India
Abstract
Asset reconstruction companies (ARCs) is a type of finance company in India. They were formed as part of steps taken by the Government to clean up the balance sheets of banks and financial institutions and help revive the credit and investment cycle in India. The ARC industry was born out of the Recapitalization and Financial Services Industry Development Act 2002. The Act gave an opportunity to banks, insurance companies, and financial institutions that have been in losses for some time, or are facing temporary capital problems.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 5, Issue 5, Page 1294 - 1314
DOI: https://doij.org/10.10000/IJLMH.113720Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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