Tuesday, May 10, 2016

India: Govt notifies relaxed FDI norms for asset reconstruction companies - DEALSTREETASIA

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India: Govt notifies relaxed FDI norms for asset reconstruction companies - DEALSTREETASIA

DEALSTREETASIA

India: Govt notifies relaxed FDI norms for asset reconstruction companies
DEALSTREETASIA
In line with the announcement made in the Union budget, the government has notified the relaxed foreign investment norms in asset reconstruction companies (ARCs), as it looks to effectively deal with the burgeoning bad debts in the Indian banking system.

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