alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News RBI hikes capital requirement for ARCs to Rs 100 crore

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Motor InsuranceClick Here
 
 
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.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!