RBI raised minimum capital requirement for setting up ARCs : The Reserve Bank has raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from Rs 100 crore.
October 2022 Current Affairs Quiz
Aim: To strengthen the securitization sector which plays a vital role in the management of distressed financial assets.
RBI has generally requested all ARCs to gradually increase their minimum net-owned fund to Rs200 crore by the end of March 2024 and Rs300 crore by the end of March 2026.
