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As per guidelines of RBI, Nov 2021: NBFCs fulfilling the following criteria as on date would be required to appoint the IO: a) Deposit-taking NBFCs (NBFCs-D) with 10 or more branches. b) Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs.5,000 crore and above and having a public customer interface. The person to be appointed as IO shall fulfil the following prerequisites: (i) The person shall be either a retired or a serving officer, not below the rank of Deputy General Manager or equivalent in any financial sector regulatory body/any other NBFC/bank, with necessary skills and experience of minimum of seven years of working in areas such as non-banking finance, banking, financial sector regulation or supervision, or consumer protection. (ii) The person shall not have worked/be working in the NBFC/companies in the Group1 to which the NBFC belongs in which he/she is being appointed as IO. (iii) The person appointed as IO shall not be above the age of 70 years at any point of time during the tenure as IO.
As per the recently released All India Survey on Higher Education (AISHE) 2020-2021 by the Ministry of Education, total enrolment in higher education ha...
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved for listing of IREDA - a CPSE under Ministry o...
Consider the following Statements and choose the option with correct Statements.
I- Department of Consumer Affairs and Bureau of Indian Standards...
Prime Minister Narendra Modi has congratulated MP colleagues who will be conferred the Sansad Ratna Awards 2023. These awards are conferred by the Parli...
The Department of Consumer Affairs celebrated World Consumer Rights Day, 2023 on 15th March 2023. Which of the following is the theme for this year’s ...
As per the Guidelines of ‘City Finance Rankings 2022’, which had been launched by Shri Hardeep Singh Puri, Hon’ble Minister Housing and Urban Deve...
The President appoints Chief Election Commissioner and Election Commissioners. They have a fixed tenure of _____ years, or up to the age of __________ y...
______________ has launched a call for startup applications for registration on the MAARG portal, the National Mentorship Platform by Startup India.