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RBI hikes capital requirement for ARCs to Rs 100 crore

RBI hikes capital requirement for ARCs to Rs 100 crore

Thursday, April 6, 2017, 3:37 PM

Reserve Bank of India has hiked the capital requirement for asset reconstruction companies to Rs 100 crore from Rs 2 crore now. In a note accompanying the monetary policy statement, the central bank said that the enhanced capital requirements were necessary because of the higher amount of cash required to buy bad loans from the current fiscal.
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