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RBI Raises Minimum Capital Required for ARCs to Rs 300 Crore

RBI Raises Minimum Capital Required for ARCs to Rs 300 Crore
deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.

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RBI raises minimum capital requirement for ARCs to begin securitisation to Rs 300 crore

The RBI said that the regulation would be effective from April 24, 2024. ARCs, as on October 11, 2022, have been provided a glide path to achieve the minimum required Net Owned Fund (NOF) of Rs 300 crore.

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KSRTC s default in loan repayments behind KTDFC s financial woes, says its CMD

KSRTC s default in loan repayments behind KTDFC s financial woes, says its CMD
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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Govt Amends Nidhi Rules 2014 To Safeguard General Public Interest

Also, a committee was constituted in the ministry to make recommendations on the issues arising from the implementation of the Companies Act, 2013, , Ministry of Company Affairs

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ED arrests one in Rs 2,200 crore PMLA case

The Enforcement Directorate (ED) on Saturday said that it has arrested Pavitra Pradip Walvekar, the promoter director cum CEO of Kudos Finance and Investment Private Limited, an NBFC company in connection with a prevention of money laundering .

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