Current Affairs

GK MCQs Section
Q. As per the recent RBI guidelines, what is the minimum capital requirement for setting up an asset reconstruction company (ARC)?
Answer: Rs 300 Crore
Notes: The Reserve Bank raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from the existing Rs 100 crore. The decision is aimed to strengthen the securitisation sector which plays a vital role in the management of distressed financial assets. The existing ARCs are given a glide path to meet the minimum net owned fund (NOF) requirement till April 2026.
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