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    Question

    Recently which of the following enterprises has received the approval from the Reserve Bank of India (RBI) to start non-banking finance company (NBFC) operations?

    A Birla Enterprises Correct Answer Incorrect Answer
    B Sahara Enterprises Correct Answer Incorrect Answer
    C Reliance Enterprises Correct Answer Incorrect Answer
    D Piramal Enterprises Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Piramal Enterprises Headquarters: Mumbai Founder: Ajay Piramal Piramal Enterprises has received the approval from the Reserve Bank of India (RBI) to start non-banking finance company (NBFC) operations. The license is for initiating an NBFC not accepting public deposits. Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business.

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