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 ā¹300 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
Which Article of the Constitution of India provides that āthere shall be a Vice President of Indiaā?
Fluency in such patients can be incorporated into the speech of such patients through
āInitiative on Critical and Emerging Technologies ā ICETā launched in January 2023 is a partnership between India and which of the following coun...
Which of the following is NOT a coniferous tree?
Linthoi Chanambam is associated with which of the following sports events?
The Government categorizes Central Public Sector Enterprises (CPSEs) under three different categories ā Maharatna, Navratna, and Miniratna. Which of t...
Which of the following statement is not true about Prime Minister's National Relief Fund (PMNRF)?
The formation of Simon Commission was announced on
PQ and RS are chords on a circle centred at O. Suppose A is the point of intersection of PQ and RS. Which of the following statements is/are correct?
Who won the National Billiards Title 2021?Ā
