Current Affairs · Banking Regulations
According to the RBI guidelines, what is the minimum net worth requirement for an Asset Reconstruction Company (ARC) to act as a resolution applicant under the Insolvency and Bankruptcy Code (IBC)?
- 1₹1,500 crore
- 2₹1,000 crore✓
- 3₹800 crore
- 4₹500 crore
Correct answer
₹1,000 crore
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