New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Recently RBI categorises 16  NBFCs as Upper Layer

    entities for bank-like compliances, which of the following is not in this list?
    A LIC Housing Finance Correct Answer Incorrect Answer
    B Bajaj Finance Correct Answer Incorrect Answer
    C Shriram Transport Finance Company Correct Answer Incorrect Answer
    D HDFC Limited Correct Answer Incorrect Answer
    E Piramal Capital & Housing Finance Correct Answer Incorrect Answer

    Solution

    The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). The 16 NBFCs in the list are LIC Housing Finance; Bajaj Finance; Shriram Transport Finance Company; Tata Sons; L & T Finance; Indiabulls Housing Finance; Piramal Capital & Housing Finance; Cholamandalam Investment and Finance Company; Shanghvi Finance; Mahindra & Mahindra Financial Services; PNB Housing Finance; Tata Capital Financial Services; Aditya Birla Finance; HDB Financial Services; Muthoot Finance, and Bajaj Housing Finance.

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