A Banker's Learning Odyssey

<p>This is the tale of an engineer-turned-banker&rsquo;s journey over thirty four years at State Bank of India and thereafter five years at a pivotal role in an asset reconstruction company. It was a trailblazing journey that covered all important segments of banking &ndash; from retail banking to corporate finance to factoring or trade financing to foreign exchange management to banking in the U. S. to stressed assets management to asset reconstruction.</p><p>&nbsp; &nbsp;It covers the challenges that the asset reconstruction companies (ARCs) face in India and quotes from the Asian Development Bank Report on ARCs in India (&ldquo;Recommendations for Changes in the Existing ARC Framework&rdquo;) and the &ldquo;Master Circular &ndash; Asset Reconstruction Companies&rdquo; &nbsp;issued by RBI in 2022.</p><p>&nbsp; &nbsp;Finally it reviews the working of ARCs in India specifying three &ldquo;unimplementable measures&rdquo; makes comments and suggestions on the Bankruptcy Law Reforms Committee Report hails enaction of the IBC (Insolvency and Bankruptcy Code) as a transformational change and specifies a road map for turnaround of high NPA (Non-Performing Assets) companies. &nbsp; &nbsp;</p><p></p>