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

    Question

    The Reserve Bank of India (RBI) has raised the minimum

    net owned fund (NOF) requirement of the existing Asset Reconstruction Company (ARC) to Rs ______ from the present Rs 100 crore by March 2026.
    A 400 crore Correct Answer Incorrect Answer
    B 500 crore Correct Answer Incorrect Answer
    C 300 crore Correct Answer Incorrect Answer
    D 200 crore Correct Answer Incorrect Answer
    E No change Correct Answer Incorrect Answer

    Solution

     As per the RBI circular, on October 12, 2022, The Reserve Bank of India (RBI) hiked the minimum net owned fund (NOF) for asset reconstruction companies (ARCs) three-fold to ₹300 crore from present 100 crore by March 2026.

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