Stressed asset specialists queue up for RBI licences to start ARCs5 min read 09 May 2016, 12:48 AM IST
PE firm JC Flowers, IIFL Holdings among a dozen entities who have applied for an ARC licence
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.
Select your Category