Asset Reconstruction Company – Concepts Simplified | Prelims Capsules 2021

The concept of Asset Reconstruction Company is very important for exams due to the proposal of setting up bad banks. This proposal was put forward by the government in the recent Union Budget 2021-22. What is an Asset Reconstruction Company (ARC)? Asset Reconstruction Company (ARC) is a specialized financial institution that buys the Non-Performing Assets (NPAs)… Continue reading Asset Reconstruction Company – Concepts Simplified | Prelims Capsules 2021