New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the minimum Net Owned Fund required for a Asset

    Reconstruction Company?
    A 50 crores Correct Answer Incorrect Answer
    B 75 crores Correct Answer Incorrect Answer
    C 100 crores Correct Answer Incorrect Answer
    D 500 crores Correct Answer Incorrect Answer
    E 1000 crores Correct Answer Incorrect Answer

    Solution

    Net Owned Fund (NOF) for ARCs shall be minimum Rs.100 crore on an ongoing basis with effect from April 28, 2017. Accordingly, no ARC shall commence or carry on the business of securitization or asset reconstruction without having NOF of not less than Rs.100 crore.

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