These are crucial parts in the revised set of rules for ARCs that the regulator unveiled Tuesday with an aim to improve their regulatory framework and strengthen their governance standard.

Citing a "material risk" to financial stability after pension firms were hit by the turmoil, the BoE split its programme to buy up to 10 billion pounds of British gilts each day to include up to 5 billion pounds of index-linked bonds.

Earlier, the RBI opposed the proposal allowing ARCs to bid for debt resolution under bankruptcy courts. The RBI now said that ARCs with a minimum net owned fund of Rs 1,000 crore can act as resolution applicants.

The bank had crossed the Rs 5 lakh crore mark in January 2021, the bank said in a statement, adding it is the first lender to achieve the Rs 6 lakh crore milestone in the residential home category.

The RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting hike in May, with further hikes likely on the cards.

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