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Under the SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, 2002, the minimum net-owned funds (NOF) required for an ARC to operate is ₹300 crore. This requirement ensures that ARCs have sufficient financial capacity to acquire distressed assets and carry out recovery operations effectively. The NOF requirement is set by the Reserve Bank of India (RBI) to ensure that the ARC has adequate financial strength and stability
In which country was the first edition of the FIH Men's Hockey5s World Cup held from 28 to 31 January 2024?
What is the purpose of the Anusandhan National Research Fund under Priority 8 of the budget?
As per CCPI, 2023; India is the only G-20 country in the top 10 ranks. The first three ranks in the overall ranking were grabbed by
Recently in 2022 which Indian has been awarded with the Chevalier de l’ordre National du Merite, the Knight of the Order of the Merit?
On what occasion was the wax statue of Dr. B.R. Ambedkar unveiled at Jaipur Wax Museum?
The NIRVIK Scheme is a scheme related to ______________ sector.
________ and Google Cloud announced the expansion of their strategic partnership to help enterprises leverage generative artificial intelligence (AI) an...
Where was the Aadhaar Good Governance Portal launched?
Who has been appointed as the brand ambassador of Bank of Baroda?
A study published in the Indian Journal of Traditional Knowledge highlighted the effectiveness of which traditional drug system in reducing anemia among...
