RBI raises minimum capital requirement for ARCs, widens scope of their activity

Corporate Laws

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Dec 09, 2022

The Reserve Bank of India has raised the minimum capital requirement for asset reconstruction companies (ARC) and widened the scope of their activities by allowing them to act as resolution applicants under the bankruptcy law backpedaling from its previous defiance on the matter.

These are crucial parts in the revised set of rules for ARCs that the regulator unveiled Tuesday with an aim to improve their regulatory framework and strengthen their governance standard

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