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Sudarshan Sen Committee
April 22 , 2021
1307 days
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- The RBI has set up a committee headed by Sudarshan Sen to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling them to meet the growing requirements.
- ARC is a specialized financial institution that buys the Non-Performing Assets (NPAs) from banks and financial institutions
- The asset reconstruction companies or ARCs are registered under the RBI.
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