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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 ₹300 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
How much rupees will the State Bank of India (SBI) invest to acquire a 20 percent stake in SBI Pension Funds?
Which financial institution introduced 'eSvarna,' recognized as India's inaugural Corporate Credit Card on the RuPay network?
On Stanford University's endeavor to advance bimanual mobile manipulation capabilities in robotics through Mobile ALOHA, the technology's foundation is ...
Which of the following Entities are regulated by IRDAI?
Which of the following countries is not a part of the European Free Trade Association block?
Who has been appointed as the Revenue Secretary in the Ministry of Finance?
Dark Patterns Buster Hackathon 2023 has been organized in order to develop a design and prototype innovative app or software-based solutions that can id...
Which city was the venue of International AYUSH Conference and Exhibition 2024?
