Question : The Reserve Bank of India raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs.____ crore in October 2022.
Option 1: 350
Option 2: 300
Option 3: 200
Option 4: 250
Correct Answer: 300
Solution : The correct option is 300.
In 2022, the Reserve Bank increased the minimum capital requirement for establishing an asset reconstruction company (ARC) from Rs 100 crore to Rs 300 crore . This move aims to enhance the robustness of the securitisation sector, a crucial element in the handling of distressed financial assets. The current Asset Reconstruction Companies (ARCs) have been provided with a gradual transition period to fulfil the minimum Net Owned Fund (NOF) requirement until April 2026.
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