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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 and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, the RBI said.

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as 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. <span>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 and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, the RBI said. As per the guidelines ARCs need to follow transparent and non-discriminatory practices in acquisition of assets and maintain arm’s length distance in the pursuit of transparency. To enh


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