Question
What is the minimum Net Owned Fund (NOF) requirement for
an Asset Reconstruction Company (ARC) to commence the business of securitisation or asset reconstruction?Solution
As per RBI guidelines, with effect from October 11, 2022, an Asset Reconstruction Company (ARC) must maintain a minimum Net Owned Fund (NOF) of ₹300 crore to commence and continue the business of securitisation or asset reconstruction. • This was an upward revision from the earlier requirement of ₹100 crore. • Existing ARCs as on October 11, 2022, were provided a glide path to achieve compliance with the revised NOF threshold. • The higher capital requirement aims to strengthen the financial position of ARCs, ensuring they have sufficient skin in the game and are better placed to handle stressed assets.
Who has been appointed as the new Vice Chief of the Indian Air Force?
Which of the following committees examined and suggested the financial sector reforms?
A set of three statements regarding measures of National income are given below.
Read each statement and answer whether each statement is true or...
When to accomplish a particular necessity, the Demand of various goods is increased automatically into the market , it is known as ________________ .
What essential feature is missing from the manufacturing sector in India, despite its rapid expansion?
Which of the following metric is not an indicator of growth of a nation?
What does the fiscal deficit in a government budget signify?Â
When do we observe the National Youth Day every year?
Fill in the Blanks:
………………………… involves changing the interest rate and influencing the money supply. ……………….. ...
Which country’s Capital topped the United Nations Environment Programme's report - Frontiers 2022: Noise, Blazes and Mismatches?
Relevant for Exams:
