Monday, October 17, 2022

New RBI norms to structurally strengthen asset reconstruction companies & lead to consolidation: CRISIL

​​According to Crisil Ratings' analysis, the new norms announced by the Reserve Bank last Tuesday for ARCs, however, will require them to increase net-owned funds by fourfold to Rs 300 crore from Rs 100 crore in a phased manner by March 2026, which could be challenging for smaller ones.

from Banking/Finance-Industry-Economic Times https://ift.tt/bftzijD

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