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.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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