Asset reconstruction cos urge RBI to let rich individual investors bet on security receipts of stressed assets

Asset reconstruction cos urge RBI to let rich individual investors bet on security receipts of stressed assets https://ift.tt/5rQbWtz ARCs have recently made a pitch to the Reserve Bank of India (RBI) to let wealthy investors subscribe to and trade in 'security receipts' (SRs) which are issued by ARCs to part-pay for loan portfolios bought from banks. These receipts are closest to 'junk bonds' in the emerging Indian financial market for stressed loans.