Question
Under the SARFAESI Act, what is the minimum net-owned
funds (NOF) required for an ARC to operate?Solution
Under the SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, 2002, the minimum net-owned funds (NOF) required for an ARC to operate is â‚ą300 crore. This requirement ensures that ARCs have sufficient financial capacity to acquire distressed assets and carry out recovery operations effectively. The NOF requirement is set by the Reserve Bank of India (RBI) to ensure that the ARC has adequate financial strength and stability
Whit
1) The movie was
2) all ready halfÂ
3) way when we
4) reached the theatre.
5) No error
- Choose the alternative which can replace the bold word without changing the meaning of the sentence.
The scientist’s perspicacity in analyzing co... In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
INCONVEN...
Our country needs to bring reforms in many areas.
Malicious
Select the most appropriate synonym of the given word.
Surreptitious
QUAYÂ
Pragmatist
Looking at his credentials, I felt we could bank on him.
