Mumbai: About a third of 27 asset reconstruction companies will have to mobilize capital Must comply by March 2024 reserve Bank of IndiaMinimum capital requirement of Rs 200 crore.
In October 2022, RBI sets new guidelines arcs Target to raise capital of Rs 200 crore by March 2024 and Rs 300 crore by March 2026, replacing the earlier minimum capital requirement of Rs 100 crore for licensing.
10 ARCs have a capital requirement of Rs 200 crore by March 2024, and 18 have to meet the condition of Rs 300 crore by March 2026. Additionally, RBI has ordered Rs 1,000 crore for ARCs aiming to become resolution applicants. bankruptcy cases,
Concerns have arisen that increased capital requirements may deter new entrants from focusing on smaller businesses. Industry insiders argue that large corporate defaults are cyclical, most of which have already been addressed – the next wave is anticipated from micro, medium and small enterprises, which require less resolution capital.
In October 2022, RBI sets new guidelines arcs Target to raise capital of Rs 200 crore by March 2024 and Rs 300 crore by March 2026, replacing the earlier minimum capital requirement of Rs 100 crore for licensing.
10 ARCs have a capital requirement of Rs 200 crore by March 2024, and 18 have to meet the condition of Rs 300 crore by March 2026. Additionally, RBI has ordered Rs 1,000 crore for ARCs aiming to become resolution applicants. bankruptcy cases,
Concerns have arisen that increased capital requirements may deter new entrants from focusing on smaller businesses. Industry insiders argue that large corporate defaults are cyclical, most of which have already been addressed – the next wave is anticipated from micro, medium and small enterprises, which require less resolution capital.
