SBI to meet RBI brass on dismissal of UV Asset Reconstruction Co. Ltd bid

The RBI’s opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance Communications (RCom) as well. This would hurt state-run banks such as SBI, since they are the biggest lenders to companies that ARCs are looking to acquire in insolvency cases.

from Banking/Finance-Industry-Economic Times https://ift.tt/3llWzml