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RBI lifts restrictions on two Edelweiss Group companies
short by Mansi Agarwal / on Tuesday, 17 December, 2024
RBI has lifted supervisory restrictions imposed on two Edelweiss Group companies in May over multiple violations including those related to the evergreening of stressed loans. ECL Finance was barred by RBI from undertaking any structured transactions in respect of its wholesale exposures. Edelweiss Asset Reconstruction Company was ordered to stop acquiring financial assets.
read more at NDTV Profit