RBI Imposes Restriction On ECL Finance 2024?
The entities ECL Finance Ltd. (ECL) and Edelweiss Asset Reconstruction Company Ltd. (EARCL) are in news headings because the Reserve Bank of India (RBI) imposed stringent business restrictions on two entities belonging to the Edelweiss Group on May 29, 2024. Acting in response to “material supervisory concerns” found during recent tests, the RBI’s action seeks…