What is the wrong statement about NBFCs?
Housing Finance companies are regulated by RBI w.e.f 2019 Rest of the statements are true. As per the recent Scale Based Regulation by RBI for NBFCs NBFCs without public funds and customer interface will always remain in the Base Layer of the regulatory structure The extant NPA classification norm stands changed to the overdue period of more than 90 days for all categories of NBFCs. A glide path is provided to NBFCs in Base Layer to adhere to the 90 days NPA norm as under – NPA Norms Timeline >150 days overdue By March 31, 2024 >120 days overdue By March 31, 2025 > 90 days By March 31, 2026 The glide path will not be applicable to NBFCs which are already required to follow the 90-day NPA norm. There shall be a ceiling of ₹1 crore per borrower for financing subscription to Initial Public Offer (IPO). NBFCs can fix more conservative limits
A Family Investment Fund in IFSC should have and maintain a minimum corpus of USD …………….. within a period of ……………… years from th...
Who has the power to give directions under IFSCA Act?
What does non-arm's length companies mean in the context of transfer pricing?
What is the maximum loan amount that can given under Kishor Scheme of Mudra Loan
Which private sector bank has partnered with banking-as-a-service startup Falcon to tap into the embedded finance market which enables the integration ...
With respect to Saptarishi-7 priorities stated in the Union Budget 2023-24, consider the following statement:
I. Inc...
How much capital against risk weighted assets need to be adhered by a Finance Company registered in IFSC?
Which insurance company has launched a pay as you drive policy which offers a comprehensive motor insurance policy that charges a premium based on the u...
The product and capital market reforms continued slowly over the decade of the 1990s in India. The introduction of New Telecom Policy was also a milest...
The National Infrastructure Pipeline was launched with 6,835 infrastructure projects with a projected infrastructure investment of _________.