As per RBI committee for asset reconstruction companies (ARCs), for accounts above_________, two bank-approved external valuers should carry out a valuation to determine liquidation value and fair market value.
To streamline the functioning of asset reconstruction companies (ARCs), a Reserve Bank panel has come out with a host of suggestions including the creation of an online platform for the sale of stressed assets and allowing ARCs to act as resolution applicants during the IBC process. To improve the performance of ARCs, the RBI had appointed the committee to examine the issues and recommend measures for enabling ARCs to meet the growing requirements of the financial sector. The committee, headed by former RBI Executive Director Sudarshan Sen, suggested that the scope of Section 5 of the SARFAESI Act be expanded to permit ARCs to acquire financial assets from all regulated entities, including AIFs, FPIs, AMCs making investment on behalf of MFs and all NBFCs including HFCs. For accounts above ₹500 crore, two bank-approved external valuers should carry out a valuation to determine liquidation value and fair market value. “Also, the final approval of the reserve price should be given by a high-level committee that has the power to approve the corresponding write-off of the loan,”.
India’s agricultural exports grow by how much percent during April-January of the current financial year to worth USD 43.37 billion?
Which organization signed an MOU with the Ministry of Rural Development for DAY-NRLM?
Who was confirmed as the new president of Vietnam in May 2024?
What is the title of the book that won the Pulitzer Prize for Fiction in 2024?
Which ISRO’s PSLV-C54 successfully placed nine satellites which includes satellite ?
Nvidia Corp witnessed a significant surge in its market value after its forecast highlighted the potential of AI spending. By how much did the company's...
Which player won the gold medal in the women's 10 meter air rifle event in the ISSF World Cup?
Chief Minister of which state has launched 'Sabal Yojana' to empower disabled children?
Squash World Cup 2023 was held in ______.
Consider the following statements:
1. As per the Right to Education (RTE) Act, to be eligible for appointment as a teacher in a State, a person...