Cryptocurrency Q&A
What is the minimum net worth of arc?
What is the minimum net worth of arc?
Valentina
Thu Nov 21 2024
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6 answers
1683
I'm curious about the minimum net worth required for arc. I want to know the lowest amount of assets or value that one must have to be considered a part of arc.
6 answers
EchoSeeker
Sat Nov 23 2024
Previously, the minimum capital requirement for these institutions stood at ₹100 crore.
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TaegeukChampionCourageousHeart
Sat Nov 23 2024
However, the RBI has now increased this amount to ₹300 crore.
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Lorenzo
Sat Nov 23 2024
The Reserve Bank of India (RBI) has implemented a significant change in the minimum capital requirement for Asset Reconstruction Companies (ARCs).
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CryptoPioneer
Sat Nov 23 2024
This adjustment is expected to impact the operations and financial stability of ARCs.
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Alessandra
Sat Nov 23 2024
Starting from April 24, 2024, ARCs will need to meet a heightened financial threshold.
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