The Reserve Bank of India (RBI) has granted the National Asset Reconstruction Company (NARCL) the licence to register as an asset reconstruction company (ARC). The Licence is given under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
As per Section 3 of the SARFAESI Act, a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI and, having the owned fund of not less than Rs 2 crore or such other amount not exceeding 15% of total financial assets acquired or to be acquired by the securitisation company or reconstruction company. The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in NARCL.
Important takeaways for all competitive exams:
Vijay Rupani was a veteran leader of the Bharatiya Janata Party (BJP) and served as…
In a major move aimed at improving customer convenience and financial inclusion, the Reserve Bank…
India is a big country with many different cities. Some places become very hot during…
In a major development ahead of the 2025 Wimbledon Championships, the All England Club has…
Introduction to the Black Box In aviation, the term "Black Box" refers to a vital…
On June 12, 2025, Defence Minister Rajnath Singh felicitated a team of 10 young National…
![](data:image/svg+xml;charset=utf-8,<svg height="225px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
