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Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs. “For ARCs, sponsors have to be ‘fit and proper’. The criterion for fit and proper is something that we are working on and we’ll come out with some regulations around it. It will be more formalization of what we already have,” Mishra said at an NBCF meet organized by industry lobby IMC.",A single-judge bench of Justice N J Jamadar directed that Bhosale be released on bail on furnishing personal bond of Rs 1 lakh along with sureties of the same amount.",Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at .42 a barrel at 0146 GMT. U.S. West Texas Intermediate (WTI) crude rose 17 cents, or 0.23%, to .54, having gained about 8% this week.",Actor Jeremy Renner has been doing his best to recover from the injuries he sustained in the snow plow accident. On Monday, the Marvel star shared a video of him improving his leg strength with the help of a Technogym bike on Monday.",with its position as a prominent bookmaker in Asia, always attracts the attention of professional bettors.⚡,Here are some of the best airport fashion moments of the week.",Optimus L Series II has several news design elements including,laser cut contour,rear design with pebble-like accents and smart LED lighting on the home button.",It will provide a generic framework for insolvency and liquidation proceedings of systemically important Financial Service Providers (FSPs) other than banks, an official statement said.",Broader markets outperformed key indices today, as India Vix and Nifty Microcap 250 gained 0.47 per cent each, followed by Nifty Smallcap 250 rising 0.29 per cent, Nifty Midsmallcap 400 and Nifty Smallcap 150 each gained 0.28 per cent.",The weather event could boost Australia’s wheat yields. In September, the country lifted its wheat forecast for this season by 17 per cent to near record levels citing favourable weather.",Country’s largest lender State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders.",Looks like there is going to be another celebrity wedding happening soon. Cricketer KL Rahul and actor Athiya Shetty, who have been together for a while now, will reportedly tie the knot later this year.".