The government is considering a merger of ASREC Asset Reconstruction Company with NARCL to enhance the functionality of state-sponsored bad-loan resolution efforts. This proposal, still in preliminary discussions, underscores a strategic effort for consolidation rather than growth. ASREC ARC is majorly held by public sector lenders and LIC, aiming for better management and scrutiny of bad loans.
US midterms put Trump-era crypto boom and prediction markets at risk
The US midterm elections could threaten the crypto friendly regulatory environment created under President Donald Trump. A potential Democratic takeover of Congress may bring tighter