3279467 - Not enough memory for NV caches creation - SAP ASE

Upgraded ASE from 16.0 SP02 PL08 to SP03 PL03, but when trying to restart the server, it won't come up. The following error is seen in the ASE log :

server Not enough memory for NV caches creation. NV Cache size:23802 Max Memory:22499918 In Use:22499918 Available:0 Increase max memory by 23802 and try again 
server Failed to restore NVCaches..Abort                                                                                                                        
kernel bucket manager consolidator terminating                                                                                                                  

SAP Adaptive Server Enterprise (ASE) 16.0 SP03 and above

NV caches, mem scale, abort  , KBA , BC-SYB-ASE , Sybase ASE Database Platform (non Business Suite) , Problem