RBI Bars ECL Finance, Edelweiss ARC from Some Operations for Circumventing Regulations, Evergreening Stressed Exposures

Reserve Bank of India (RBI) has imposed business restrictions on two entities of the Edelweiss Group, including ECL Finance Ltd (ECL) and Edelweiss Asset Reconstruction Company Ltd (EARCL), for circumventing regulations.

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India , , Edelweiss Asset Reconstruction Company Ltd , Edelweiss Group , Central Repository , Large Credits ,