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RBI Frames Committee to Review Regulations on ARCs

Published on April 20, 2021
Current Context: The Reserve Bank of India (RBI) has set up a six-member committee to review regulations on asset reconstruction companies (ARCs).
RBI Frames Committee to Review Regulations on ARCs
  • The committee will be headed by Sudarshan Sen, former RBI executive director.
  • The committee is framed to review the legal and regulatory working of ARCs and will recommend measures to improve the efficiency of ARCs.
  • The improved ARCs will also define their role in resolving stressed assets including under Insolvency & Bankruptcy Code (IBC).
  • The commitee will review the business models of ARCs and will suggest the measures to improve the liquidity in the trading of security receipts.
  • The other members of the committee are: Vishakha Mulye (ICICI’s Executive Director), PN Prasad (former SBI DMD), Abizer Diwanji (EY Partner), Rohit Prasad (MDI Professor of Economics) and R Anand (CA).
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das

Question: 

Q.1 Who will head the committee set up by RBI to review regulations on asset reconstruction companies (ARCs)?
a. Rohit Jain
b. R Subramanian
c. Sudarshan Sen
d. Jyotindra M. Mehta
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