RBI lifts business restrictions on ECL Finance and Edelweiss ARC after remedial actions.

The Reserve Bank of India (RBI) has lifted business restrictions on ECL Finance and Edelweiss Asset Reconstruction Company (ARC), part of the Edelweiss Group. Restrictions were imposed in May due to concerns over their practices, including providing new loans to distressed borrowers. The companies addressed these concerns with remedial measures, leading to the RBI's decision to lift the restrictions.

3 months ago
7 Articles

Further Reading