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videos | IST

Little merit in creating ARC at this stage, no final decision yet, says government

The government on Thursday said that there was little merit in creating an asset reconstruction company (ARC) at this stage. However, no final decision has been taken yet.
The draft report by the bankers’ panel headed by Sunil Mehta, chairman of Punjab National Bank, has been submitted to the finance ministry which is yet to be examined in detail.
The entire ARC model will have to function as per the RBI regulation.