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RBI Tightens Guidelines for ARCs in Borrower Settlements

RBI Tightens Guidelines for ARCs in Borrower Settlements:

The Reserve Bank of India (RBI) has introduced stricter guidelines for Asset Reconstruction Companies (ARCs) to enhance transparency and accountability in borrower settlements. These revisions aim to standardize procedures and align them with practices of banks and non-banking financial companies (NBFCs).ARCs are now mandated to establish board-approved policies governing borrower settlements