Restrictions lifted: ECL Finance and Edelweiss ARC get RBI’s green signal
The Reserve Bank of India (RBI) on Tuesday lifted its five-month-long restrictions on two Edelweiss Group entities—ECL Finance and Edelweiss Asset Reconstruction Company (ARC)—after the firms took corrective steps to align with regulatory norms. The restrictions, imposed on May 29, were no slap on the wrist. ECL Finance was barred from undertaking structured transactions tied … Read more