Current Affairs · Banking and Economy
Consider the following statements regarding the Reserve Bank of India's (RBI) revised prudential framework for acquisition financing: 1. The RBI has reduced the mandatory equity contribution for acquisition financing from 30% to 25%, explicitly allowing the use of internal accruals instead of requiring fresh capital. 2. The revised framework restricts banks from funding creeping acquisitions and joint-venture partner buyouts, limiting financing exclusively to initial control acquisitions. 3. Unlisted companies are now eligible for acquisition financing, provided they maintain a minimum net worth of ₹500 crore and possess a three-year track record of profitability. Which of the statements given above is/are correct?
- 13 only
- 21 and 3 only✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1 and 3 only
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