RBI Directs ARCs To Stop Bilateral Loan Purchases From Related Entities
The abandoned Matrishri Usha Jayaswal Thermal Power Plant in the district of Latehar, Jharkhand, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

RBI Directs ARCs To Stop Bilateral Loan Purchases From Related Entities

The Reserve Bank of India has stopped asset reconstruction companies from purchasing loans bilaterally from related financial companies.In a notification issued on Friday, the RBI revised its exist...
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