New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    As per the guidelines issued by the Reserve Bank of India in June 2021, each NBFC-MFI is required to maintain not less than ______ of its net assets as 'qualifying assets.

    A 50% Correct Answer Incorrect Answer
    B 85% Correct Answer Incorrect Answer
    C 75% Correct Answer Incorrect Answer
    D 25% Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Minimal Net possessed finances( NOF) of Rs. 5 crores. ( For those registered in the North Eastern Region of the country, Rs. 2 crores is needed as minimal NOF). At least 85 of its Total Net means are in the nature of Qualifying means. An NBFC, not qualifying as an NBFC MFI, isn't to extend loans to the micro-finance sector, which, in total, is further than 10 of its total means.

    Practice Next

    Relevant for Exams:

    ×
    ×