News From Press RBI in talks with Sebi to allow mutual funds to sell debt to ARCs

RBI in talks with Sebi to allow mutual funds to sell debt to ARCs

Source: Business Standard May 21, 2024

The Reserve Bank of India (RBI) is engaging in discussions with the Securities and Exchange Board of India (Sebi) for allowing mutual funds to sell their debt to asset reconstruction companies (ARCs), the banking regulator has informed debt recast firms.

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