ARC assets set to drop 7-10% this FY amidst stiff competition from NARCL: CRISIL

Competition from the National Asset Reconstruction Co Ltd (NARCL) and fewer opportunities for acquiring non-performing assets are expected to reduce asset reconstruction companies' (ARCs) assets under management (AUM) by 7% to 10% this fiscal. Crisil Ratings reported that quicker redemption of security receipts (SRs) also played a role in the decreasing AUM.