Question

    Which restriction was lifted by the RBI on ECL Finance

    Ltd. and Edelweiss ARC?
    A Prohibition of trading securities Correct Answer Incorrect Answer
    B Restriction on issuing new loans to customers Correct Answer Incorrect Answer
    C Ban on structured wholesale transactions and acquiring financial assets Correct Answer Incorrect Answer
    D Suspension of employee hiring Correct Answer Incorrect Answer
    E Prohibition on foreign investments Correct Answer Incorrect Answer

    Solution

    The RBI lifted restrictions related to structured wholesale transactions for ECL Finance and financial asset acquisitions for Edelweiss ARC after compliance improvements.

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