How ARC Helps Banks Recover NPAs | SARFAESI Act  
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How ARC Helps Banks Recover NPAs | SARFAESI Act

Explained by CA Mangesh Kekare

Prachi Tadakhe

Banks have no means to reduce NPAs in a day or a few days. NPA is a bad asset of bank. Asset Reconstruction Companies (ARC) was constituted under the SARFASI Act 2002 for recovery of NPA. There are currently 25 ARCs in India. ARC is a Reserve Bank Affiliated Reconstruction Company.The main objective of this company is to make enforcement, reconstruction, resolutions.

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