Question

    Which of the following entities is responsible for

    regulating Asset Reconstruction Companies (ARCs) in India?
    A Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    C Ministry of Finance Correct Answer Incorrect Answer
    D National Company Law Tribunal (NCLT) Correct Answer Incorrect Answer
    E Indian Banks’ Association (IBA) Correct Answer Incorrect Answer

    Solution

    Asset Reconstruction Companies (ARCs) are regulated by the RBI under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. Their role is to acquire and manage Non-Performing Assets (NPAs) of banks.

    Practice Next