In business terms, ARCs stand for

Explanation

The correct answer is Asset Reconstruction Companies. In business terms, ARCs stand for Asset Reconstruction Companies. Key Points Asset Reconstruction Companies: Asset Reconstruction companies are those which come at the essence of non – performing assets of commercial banks. T hese companies are registered under the Securitization and Reconstruction of financial assets and enforcement of securing interest (SARFAESI) Act, 2002. It is regulated by the Reserve Bank of India as an NBFC. Its functions include Acquisition of financial assets, change/takeover of management, r escheduling of debts and settlement of drives payable.