India: Stressed asset specialists queue up for RBI licences to start ARCs

India: Stressed asset specialists queue up for RBI licences to start ARCs

RBI logo from the Bank's social media page. September 2015

At a time when banks are reeling under stressed assets, close to a dozen companies have applied to the Reserve Bank India (RBI) for licences to start asset reconstruction companies (ARCs), four people familiar with the development said. Applicants range from foreign distressed asset specialists to domestic investors with deep pockets.

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