‘Fraud loans’ to ARCs
25
Sep
‘Fraud loans’ to ARCs Subject – Economy Context – RBI allows banks to sell ‘fraud loans’ to ARCs Concept – The Reserve Bank of Indiaallowed loan exposures classified as fraud to be transferred to Asset Reconstruction Companies (ARCs). This comes in the wake of banks reporting frauds aggregating ₹3.95-lakh crore between FY19 and […]