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RBI raises ARCs' capital requirement to Rs 100 cr

RBI raises ARCs' capital requirement to Rs 100 cr

Friday, April 7, 2017, 10:18 AM

RBI has raised the capital requirement for asset reconstruction companies (ARCs) to Rs 100 crore, from the current Rs 2 crore, it has announced. This move was necessitated by the higher amount of cash required to buy bad loans from the current financial year, RBI said in note accompanying its first bi-monthly monetary policy statement of the current financial year presented on Thursday.
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