Monday, November 18, 2013

Chakrabarty lambasts ARCs for killing their own business

Mumbai: Senior-most Reserve Bank Deputy Governor K C Chakrabarty has blasted asset reconstruction companies (ARCs) for being "non-transparent" and squarely blamed them for the failure of the mechanism. "ARCs have failed in our country because their pricing is the most non-transparent. Bring more transparency in the pricing," he said while speaking at the annual Bancon over the weekend here........

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