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Wednesday, December 25, 2024 | 12:34 AM ISTEN Hindi

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Price discovery in the times of NARCL

NARCL has a competitive advantage over private asset reconstruction companies, because it comes with deep pockets and a government guarantee

NARCL
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Veena Sivaramakrishnan
Policymakers have taken several steps to address the stressed assets problem. These include the setting up of the National Asset Reconstruction Company (NARCL) and the framing of new guidelines for sale of loan assets in the secondary market. The Reserve Bank of India’s (RBI’s) expert committee on reforms in the working of asset reconstruction companies (ARCs) has also recommended solutions in the legal and regulatory framework that governs ARCs. One of the crucial being, “there should be fair competition between NARCL and private ARCs to promote the objectives of true price discovery through the market mechanism”.

NARCL, during its first phase,
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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