RBI'S NEW MASTER DIRECTION ON ARCS EFFECTIVE APRIL 24
The Business Guardian|April 25, 2024
The central bank said that the regulation would be effective from April 24, 2024
RBI'S NEW MASTER DIRECTION ON ARCS EFFECTIVE APRIL 24

The Reserve Bank of India (RBI) issued a consolidated master directive, increasing the minimum capital requirement for asset reconstruction companies (ARCs) to initiate securitization from Rs 100 crore to Rs 300 crore, as of October 11, 2022.

The central bank announced that this regulation would come into effect on April 24, 2024. ARCS, as of October 11, 2022, have been given a transitional period to meet the minimum required Net Owned Fund (NOF) of Rs 300 crore.

هذه القصة مأخوذة من طبعة April 25, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة April 25, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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