n the backdrop of likely rise in Non Performing Assets (NPA) due to the pandemic, the Reserve Bank of India (RBI) has announced guidelines for “Fair Practices Code” (FPC) for Asset Reconstruction Companies (ARCs) to ensure highest standards of transparency and fairness while dealing with their stakeholders.
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Unknown title:06 IST Updated: July 16, 2020 17:02 IST Norms stress on compliance and saving debtors from harassment Share Article 0 PRINT A A A Norms stress on compliance and saving debtors from harassment I<span>n the backdrop of likely rise in Non Performing Assets (NPA) due to the pandemic, the Reserve Bank of India (RBI) has announced guidelines for “Fair Practices Code” (FPC) for Asset Reconstruction Companies (ARCs) to ensure highest standards of transparency and fairness while dealing with their stakeholders. All ARCs registered with banks have been asked to put in place FPC duly approved by their Board. This directive is in exercise of the powers conferred by Section 9 of the Securitisation Summary
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