RBI raises minimum capital requirement for setting up ARCs to Rs 300 cr ...Middle East

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RBI raises minimum capital requirement for setting up ARCs to Rs 300 cr
source : Devdiscourse ( Middle East ) () 73
The Reserve Bank on Tuesday raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from the existing Rs 100 crore with an aim to strengthen the securitisation sector which plays a vital role in the management of distressed financial assets.

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