Question
Which of the following statements about Net Owned Fund (NO
- F requirement for ARCs is true?
Refer to the following information to answer the next 4 questions (Q15 to Q17) The asset reconstruction industry is set to clock the best growth this fiscal as their asset under management is expected to increase by almost 10% to Rs 1.1 lakh crore. The 29-player ARC industry began its journey in the second half of 2002 and has since undergone radical regulatory changes and challenges. With the beginning of operation of public sector National Asset Reconstruction Co. and rising popularity of the Insolvency and Bankruptcy Code effective from May 2016 also pose challenge for the ARC industry. Another major challenge is the steep fall in banks' non-performing assets, which is set to fall to under 5% by March, down from over 11% in FY18. Assets under management of ARCs are set togrow 9.8% to a five-year high this fiscal, driven by a few large transactions to Rs 1.19 lakh crore.
More Basic Accounting Concepts Questions
- In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compared to...
- What is the maturity period for Treasury Bills?
- Consider the following and select which of them forms a part of capital receipts for the GoI I.  ...
- MTG Ltd wants to buyback its shares. What is the maximum limit up to which it is allowed to buy-back its shares in a year?
- A bank’s exposure to steel sector is already 18% of total advances against internal cap of 15%. A new steel project proposal of ₹300 crore is otherwise fin...
- Base case DSCR is 1.40. On 10% fall in sales, DSCR falls to 1.05. On 10% increase in cost, DSCR becomes 0.98. What is the correct appraisal inference?
- Which of the following is NOT a component of the CAMELS rating system used for bank evaluation?
- A bank has a funded loan exposure of ₹80 crore carrying 100% risk weight. It has also issued a bank guarantee of ₹40 crore with credit conversion factor of...
- Using the same data, what is the Long Term Funds to Fixed Assets position?
- Refer to the following Data. Balance Sheet Amount (Rs.) Fixed Assets 3,00,000 Cash 60,000 Inventory 40,000 Total Assets 4,00,000 Share Capital 2,00,...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt