rbi-issue-master-direction-for-arcs;-minimum-net-owned-fund-set-at-rs-300-cr News in Hindi -1 News Headlines Found

RBI issue Master Direction for ARCs; minimum Net Owned Fund set at Rs 300 cr
Mumbai, April 24 (UNI) Underlining its critical role in resolution of stressed financial assets of banks and financial institutions, the Reserve Bank of India (RBI) on Wednesday issued Master Directions for the Asset Reconstruction Companies (ARCs) and fixed minimum net owned fund (NOF) of Rs 300 crore to commence the business of securitisation or asset reconstruction.
#RBI issue Master Direction for ARCs; minimum Net Owned Fund set at Rs 300 cr